BANKNIFTY levels for 27th Monday ❗

Hii Traders 😊
Welcome to BANKNIFTY chart and Futures analysis for 27th Monday

🛑I'm sure that you will make note of these crucial levels for Monday market

🎯 Key levels to watch out for day trader

🛑 Major resistance zone for BankNifty is at 38050-38150 where at this point BankNifty tried to breakout level and if you see the Option chain data in NSE website we can see at this point more shorts were added in Friday market
◽ If market breakout resistance then we can see Target of 38300

◽ Stop loss will be 38000 if market traded below this level then banknifty will be weaker and might be fear can continue
◽Banknifty might be shown some more weakness below 37780

◽ if huge gap up happens above 38150 the don't take a trade let the market correct because market Dont like gaps whether it may be huge gap up or gap down so let market get correct for some time then take the trade

🛑 Major support level for BankNifty

◽ Support level for nifty lies at 37680-37600 this the region of yesterday's value area means major valume is lies their so it acting as support zone

◽ Market successfully breakdown this level then we can take a trade

◽ And we can see the Target of 36600
◽ STOP loss will be 37830 where previous day close acting as strong support and resistance

🛑levels for banknifty will be also same
◽Go long on banknifty Futures if it breakout the resistance
◽ If banknifty traded above 38000 I'm sure that more shorts get covered in banknifty Futures
◽ Don't short the market until below the 37800

🛑 Summary
◽ Resistance level for CE buyers /option buyers is at 38050-38150
◽ support zone to buy PUT / PE is at 37680-37600
◽ BankNifty will be weaker on intraday basis below the 37800

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