Banknifty August 3rd Week Analysis.

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Banknifty August 3rd Week Analysis.Nifty Bank IndexNSE:BANKNIFTYIshanMathur05Bank Nifty is looking neutral for the upcoming week. If Bank Nifty is able to cross and sustain above 57,897, we can expect the uptrend to resume, and it will face the next hurdle near the 59,280 level. On the downside, if Bank Nifty breaches the support range of 57,295 to 56,994, we can expect further retracement up to the 56,272 level. All levels are marked in the chart posted.