Is bank Nifty finding Resistance at higher levels or is it getting ready for a blistering upmove?
Well the results of SBIN is indicating that PSU banks are on the roll & as per charts analysis and my proprietary set up I do find bank nifty to be gearing up for a good up move
The levels of 41860-41900 hold a significant double top resistance in weekly as well.as Monthly time frames and a breakout above 42000 will open gates for 43500-44700
In upcoming few sessions with strong base at 41200 followed by 40700