Sustaining above 46665 can move towards 46720 - 46785 - 46950, SL 46600
Sustaining below 46485 can move towards 46430 - 46365 - 46200, SL 46550
Bank Nifty has to sustain and close above its weekly resistance at 46750 - 46850 to move towards its initial weekly long targets of 47110 - 47180
Closing above 47180 Bank Nifty may move towards its last weekly long targets of 47400 - 47530
On the downside:
Bank Nifty has to sustain and close below its weekly support at 46440 - 46340 to move towards its initial weekly short targets of 46080 - 46000
Closing below 46000 Bank Nifty may move towards its last weekly short targets of 45790 - 45660
So far this week Bank Nifty almost completed our initial weekly short targets till 46080 - 46000 with a low of 46022.15 on sustaining below 46340 but recovered well to make a high of 46739.25 almost reaching our weekly resistance zone and closed flat at 46575.90.
Now in the coming session Bank Nifty sustaining above 46665 can move towards 46785 - 46950. On the downside Bank Nifty sustaining below 46485 can move towards 46365 - 46200. Need a confirmation above the weekly level on either side for a good move.
In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".
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