NIFTYBANK INDIA OUTLOOK FOR SEP 11, 2025 ::-

 NIFTYBANK INDIA OUTLOOK FOR SEP 11, 2025



PRICE ACTION FACTOR : BANKNIFTY yesterday broken and closed above the 54480 level. But with no clarity as it formed a SPINNING TOP CANDLE within the RISING WEDGE top in Daily chart. Above the yesterday's spin candle there lies another resistance (monthly channel). 

RSI FACTOR : Daily and Hourly chart RSI counts stands 45.2 ( under 50 ) and 62.7, bullish synchronized. No new divergence appeared recently.

VIEW :: PRICE REACHED TO A ZONE OF CONCURRENCE. BULLISH TRENDING MOMENTUM ESTABLISHES ONLY IF WE GET A CLOSE ABOVE 56150 WITH VOLUME.

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