🛑in Yesterday market analysis i told that there's indecision between buyers and sellers at high level , and today also market is rejected from 38800 - 38900 levels and if you see the BANKNIFTY in Day frame chart we can clearly observe that it forming bearish candles at higher levels
-in today market we can observe that there's is indecision between sellers and buyers at higher levels and Caution it is bull market (Showing that no more buying interest for Institutional traders and that can be confirmed by FIIs ,DIIs data these two were pulling out their money)
-Bank nifty trading above all the moving averages those were 21 day, 50 day , and 100 day
- Bank Nifty WEEKLY Pivot is at 38800
🛑 keys Levels to watch out for day traders
- resistance is at 39450 - 39850
-with the stop loss of 39700
- we can see target of 40000
- Support Levels is at 39400-39300
- with SL of 39500
- we can see Target of 39000
if you like it ,do follow for more
have a nice day
-in today market we can observe that there's is indecision between sellers and buyers at higher levels and Caution it is bull market (Showing that no more buying interest for Institutional traders and that can be confirmed by FIIs ,DIIs data these two were pulling out their money)
-Bank nifty trading above all the moving averages those were 21 day, 50 day , and 100 day
- Bank Nifty WEEKLY Pivot is at 38800
🛑 keys Levels to watch out for day traders
- resistance is at 39450 - 39850
-with the stop loss of 39700
- we can see target of 40000
- Support Levels is at 39400-39300
- with SL of 39500
- we can see Target of 39000
if you like it ,do follow for more
have a nice day
