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What is Nifty Bank and Market Outlook Analysis about?

The Nifty index consolidated in a narrow range for most of the week before correcting sharply on Friday, ending the week below 11,200 levels. A head and shoulder pattern is visible on the daily chart which if breaks below 11,100 could lead to further declines. Bank Nifty also witnessed selling pressure and closed with deep cuts of over 2% as it failed to sustain above resistance. Traders are advised to be cautious and avoid aggressive bets as key support levels could be tested in the coming sessions.

Author

bbaalluu

Language

EN