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INDIAN MARKETS - BANK NIFTY WEEKLY OUTLOOK

Source : http://www.moneyvistas.in/
Here is Bank nifty monthly chart which shows supports and resistances.


 

 









 
200 Day moving average placed at  8360.

For immediate support watch out moving averages between  9360 to 9480.
Below these levels  strong support between 8950 to 9300

Watch out up side resistance at 9550 ,9620 and 9700

Down side supports at 9474 and below that  9325.

Market profile values for monday:

VAH ----- 9511
POC ----- 9481
VAL -----  9471

*These are Bank nifty spot values

Cheers & Best to your trading


Disclosure: NO POSITIONS