Bank Nifty Weekly Charts
Bank Nifty since the start of Jan 2017 had done a 1000 points+ recovery and moved up without much rotations on the daily charts. Trading Sentiment remains positive for the weekly timeframe as well as daily timeframe. However trading sentiment on the daily timeframe is at the extreme which could bring short term corrections or volatile sideways action.
LinTRA maintains positional sell on the Bank Nifty – 30 minute timeframe which indicates that further uptrend is possible only if bank nifty sustains above 19180-19200 zone