#BANKNIFTY 1. Monthly TF: • Bullish view. Erstwhile we had seen that, BNF failed to sustain > 37250-300 in monthly. • However, now the bulls are comfortably holding up levels of 37250-39k in the past 3 months which wasn't the case since Nov 2021 till July 2022.

#BANKNIFTY 2. Weekly TF: • Erstwhile resistance has now turned into support, and we are still bullish on weekly as well. •On weekly TF, currently inside bar formation, and still look positive.

#BANKNIFTY 3. Daily TF: • Consolidating within 38500-39600 • Anticipating BNF to break this consolidation soon.

#BANKNIFTY 4. Hourly TF: • S/R mentioned on the charts. • Rectangle formation in hourly awaiting a BO or a BD.

#BANKNIFTY Conclusion: • On higher TF i.e. monthly and weekly BNF is bullish. • On daily TF looks sideways, unless 39600 is taken out, post which it will be bullish. • Can expect a strong 950 move at the break of the rectangle.