Bank Nifty continues to remain positive. The weekly close at 57,746 indicates steady momentum in Bank Nifty. In the upcoming week, if Bank Nifty is able to cross and sustain above 57,932 to 58,223, then we can expect further momentum up to 57,195.
On the downside, if Bank Nifty breaches the support range of 57,494 to 57,275, then we can expect further drag up to levels of 56,503.
All levels are marked in the chart posted.
DISC – THIS IS MY PERSONAL VIEW AND NOT A BUY/SELL RECOMMENDATION.