Banknifty Weekly Ananysis : Possible moves w.r.t Nifty
Banknifty is outperforming since 25 Sep 20.
In last trading session it closed slightly above 200 dma.
Looking at the PSU sector, It may also outperform in coming days.
Considering these facts, Banknifty is looking good. 25100 swing high will be the first target.
Slightly it may retrace from 24100 level (due to nifty's 12000-12050 level) but overall banknifty is positive.
23000 is good support
In last trading session it closed slightly above 200 dma.
Looking at the PSU sector, It may also outperform in coming days.
Considering these facts, Banknifty is looking good. 25100 swing high will be the first target.
Slightly it may retrace from 24100 level (due to nifty's 12000-12050 level) but overall banknifty is positive.
23000 is good support
