BANKNIFTY INDIA OUTLOOK FOR SEPTEMBER 18, 2025 ::-

 

BANKNIFTY HOURLY CHART

PRICE ACTION FACTOR : BankNifty succeeded to overcome 55215 and tested near 55555, but failed to cover the important resistance. To carry the momentum further it has to close above 55825. If test of this zone happens with close below 55555 again then momentum can reverse to negative. Critical observation at this point is that, the attempt is coming while Relative Strength Index indicating overbought Price.


RSI FACTOR : RSI count for W, D, 3H & 1H charts are respectively 55.5, 59.8, 74.8 & 80.4. Bullish continuation synchronized spread.

VIEW :: GAP UP OPEN EXPECTED TO TACKLE RESISTANCE. CLOSE ABOVE 55825 WILL PICK MOMENTUM HIGHER. BUT TEST OF THIS LEVEL ALONG WITH CLOSE BELOW 55555 WILL REVERSE MOMENTUM.

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