BANKNIFTY INDIA OUTLOOK FOR SEPTEMBER 17, 2025 ::-
BANKNIFTY HOURLY CHART
PRICE ACTION FACTOR : Banknifty yesterday faced only one LONG WHITE CANDLE at 9:15 am after that rest of the day it spend time around 55120, high of the said long white candle. Follow up buying lacking in this index. Cross over 55215 can carry the index to 55555.
RSI FACTOR : RSI count for W, D, 3H & 1H Charts respectively are 53.9, 55, 69.1 and 73.6. A Bull Synchronized spread.
VIEW :: CROSS ABOVE 55215 WITH VOLUME CAN CARRY INDEX TO 55555. OTHERWISE BELOW 55215 SIDEWAYS RANGE BOUND MOVEMENT.

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