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Bank Nifty Weekly Outlook and Analysis:

For the Week: (March 28, 2022 – April 01, 2022)

Weekly Support & Resistance Levels of Bank Nifty Index:

Check Nifty Index Full Analysis At Unicorn Signals

NIFTY BANK Index closed the week on negative note losing 1018.45 points 2.80%.

Weekly High: 36,827.60

Weekly Low: 35,203.85

Weekly Close: 35,410.10

Weekly Support & Resistance For Nifty Bank Index:

Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at  34800 levels, whereas minor resistance on the upside is capped around 36000-36100 levels.

If NIFTY BANK index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 33900 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 36900.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 34100 on downside and 36800 on upside.