Overview: Banknifty opened on a range of support and resistance levels of yesterday and faced a support of 34730 levels and bounced to test our level of 34893, from there market corrected and we must have got a good expiry trade on Puts.
Again we have a range in the market as the movements are not that great either due to illiquidity or volatility.
Banknifty resistance level: 34893/35076
Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1PM we can have a very good movement on range breakout.
Banknifty Support level: 34629/34443
If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support.
It will then continue to get 2nd level of support so trade with caution.
Do like and support by analysis by commenting on how my levels have been working.
Again we have a range in the market as the movements are not that great either due to illiquidity or volatility.
Banknifty resistance level: 34893/35076
Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1PM we can have a very good movement on range breakout.
Banknifty Support level: 34629/34443
If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support.
It will then continue to get 2nd level of support so trade with caution.
Do like and support by analysis by commenting on how my levels have been working.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。