![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbgD9OpG-seGOIbqWdlPNqiscd_3avRauwckvi-7kdxClH8DroCRddG66mQtzSQvjn47hZiylV1vxpCwn7JOZ7OYTvPE9y9fKzqLXM43QgnQykZP_0-JKIZkZIjfbj8Y8qvsqqnuV6BDw/s640/BANK+NIFTY+WEEKLY+CONTRACTION.png)
- Bank nifty crucial support for next week is last week's low 9948. Breaking below this level will take BN towards 200 Day SMA or the Weekly rising support line.
- Weekly chart shows a contracting triangle pattern. BN is already falling from a Contracting Triangle in DAILY TF.
- Breaking out of this pattern in weekly Time Frame may give bigger moves in BN.