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financialmarketsalgorithms

Bank Nifty- Knocking at the doors of Gap support

Nifty Bank Index (NSE:BANKNIFTY)  
financialmarketsalgorithms  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
Bank Nifty is testing gap area support and could move lower to the 25000/25100 zone in the coming weeks. Fundamentally news of additional Govt borrowing is not helping yields which have moved up to 7.38% (10 yr). If it manages to break above 25700 the trend may change to bullish.
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