BANKNIFTY INDIA OUTLOOK FOR SEPTEMBER 1, 2025 ::-


Major BankNifty in Daily time broken and closed vital support zone with weaker RSI . On the other hand in Hourly chart a small new positive divergence appeared within the longer existing negative divergence in Daily chart.

RSI count of BankNifty for Daily and Hourly chart are 27.5 & 26.6  respectively. Both below 30. Larger time frame RSI is smaller than shorter time frame is an indication of internal weakness.

Taking consideration of the RSI divergences and counts it appears that a pullback trial will come into the market but through time pullback will be absorbed. Any close only above 54085, last LH formed in the hourly chart can change the course of the near short term trend.


VIEW ::-   A Pullback trial might come into the market but through time pullback will be absorbed .


 

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