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Possibility of NIFTYBANK target: 36,750 and 37,000 Upside potential: 2% -2.50% After the breakout of “Golden Cross” in April 2021, the index still faces resistance at a higher level, 36,000 levels on a weekly basis. Settings that could not be exceeded.
However, recent momentum has pushed Nifty Bank beyond the resistance mentioned above, with daily charts showing the potential to reach 36,750 levels in the coming days. Also, the integration after Golden Cross checked the index retains solid support for the 100-day Moving Average (DMA), which is currently located at 34,168 …
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