Bank Nifty: Struggling at long term resistance

٢٤ يوليو ٢٠١٦

BANKNIFTY

Bank nifty is facing strong resistance at the midline of long term channel.

Also, most private banks are close to completing their long term tops. Read here:

We might see some retracement towards 18900 levels early next week, which should be a good level for positional short.with SL above 19150 and target around the strong support of ~17000