BANKNIFTY WEEKLY MARKET FORECAST

16 Nis 2023

The price perfectly fulfills my last idea. The price perfectly fulfills my last idea. Sharp upward momentum seen in last week and price closes 2.50% up comparing to last week closing & #Banknifty made high of 42196 and hit the mentioned targets of 41666 & 41888. As mentioned #Banknifty given move upside as expected and now the level of #43000 is next hurdle for the Banknifty which act as resistance level for the price. we already moved +2900 points from the support level so profit booking can also seen in the price & if price holds it self at upper levels than next targets are 42444/42888 for the upside momentum the upside momentum. Positional traders can trail there SL @41888 level with the view for the upside momentum. The level of 41666 & 41888 now acts as important support for the price. Price can also Retest the mentioned support levels.

https://www.tradingview.com/chart/BANKNIFTY/tLC90WMb-BANKNIFTY-WEEKLY-MARKET-FORECAST/

18 Nis 2023

Not

As mentioned earlier that #Banknifty may come down to retest the support zone of 41888 and than price moved upside and made high of 42498 and hit the 1st target of #42444🎯.