Bank Nifty Trend

Bank Nifty making Lower Highs and Lower Lows in Daily , weekly and Monthly Charts.
The Down trend will negate if bank nifty breaches 34800 levels and fill the Gap of 35200 ( May 5th and 6th).
Down side the level to be tested is 32753 and next level is to close below 32155 to confirm continuation of the down trend and worst case should test 28645.
On upside above 34800 next targets are 34885, 34923,36374,38072,38131 and a daily close above 38770 ( April 22 High) will lead to 39330,39550,39825.
Trend Analysis

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