BANKNIFTY INDIA WEEKLY OUTLOOK FOR SEPTEMBER 8 - 12 , 2025 ::-
BANKNIFTY DAILY CHART
PRICE ACTION FACTOR : BANKNIFTY also failed to cross above 54480 to get trending positive momentum. Last week it had broken major support zone and this week tried to cover, but closed within the support band forming INSIDE BAR in Weekly chart. On the other hand in Daily chart it formed HANGING MAN with lower high than Thursday.
RSI FACTOR : Weekly RSI standing at 48.8 and Daily at 37.9. Also in Daily time frame price under the grip of Two RSI negative divergences simultaneously.
VIEW : Close above 54480, only can trigger positive momentum. Otherwise every rise will be sold to create new low below 54300.


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