BANKNIFTY

BANKNIFTY SPOT CHART: Bank nifty is near support zone. Some dip is expected till 31800 levels then rebound possible till 32800. Key reversal zone for bank nifty spot is 32800.
The above chart is plotted on 60 min time frame.


VIEW : BULLISH WITH A DIP
UPSIDE POTENTIAL : 32800-33000
DOWNSIDE SUPPORT: 31500
REASON : REVERSAL FROM SUPPORT LINE , RANGE BOUND.