BANKNIFTY OUTLOOK FOR SEPTEMBER 12, 2025 ::-
PRICE ACTION FACTOR : BANKNIFTY yesterday traded above previous resistance 54480 but failed to gain above purple angular resistance line. Price near the top of the existing rising wedge. There are resistances lying between 54700 to 54950 zone. This concurrence zone might get a hit with Gap Up.
RSI FACTOR : RSI count for Daily, 2 Hourly and Hourly charts are 47.4, 61.3 and 63.2 respectively. A Synchronized Bullish count.
VIEW :: A GAP UP OPEN EXPECTED AROUND 54900. AND CONTINUATION OF TRADE ABOVE GAP IS HIGHER ABOVE 54950.

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