Bank Nifty

18 May 2023

Banknifty forming a triangle pattern. The demand zone is in the range of 43600--43400 with a stop loss of 43300. With this analysis, we can expect a rise to 44500--44850 levels

19 May 2023

Not

As per expectation, Bank nifty made a low of 43547.90 and bounced where it made a high of 44020. This update is still valid as targets are still due of 44500--44850. We can trail stop loss to 43600.