INDIA BANKNIFTY WEEKLY VIEW FOR SEPTEMBER 1 - 5 , 2025 ::-
INDIA BANKNIFTY WEEKLY VIEW FOR SEPTEMBER 1 - 5 , 2025 ::-

Our Indian Second major BankNifty already closed below it's major support zone. This close gradually might take the index towards 5 year long support zone ( purple line in Weekly/Daily chart ) which Nifty had broken second time.
Here Daily chart playing double negative divergence price action with respect to RSI. Friday closing indicating test move towards the Purple line support.
RSI count for Weekly and Daily time frames are 46.4 and 27.5 respectively. Indicating follow on down move continuation for further bull neutralization.
VIEW : Follow on DOWN move continuation for further bull neutralization.

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