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jay21shah

Banknifty surprised on the upside, 35700 imp resistance to watch

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Nifty Bank Index (NSE:BANKNIFTY)  
jay21shah  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Wave Analysis
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BN moved up sharply on the back of index heavyweights which I mentioned yesterday. The index is still showing some bullish bias while approaching a resistance zone around 35700 levels. We will watch this level for more clues. A pullback is likely as a 5 wave structure is likey getting completed.
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