BankNifty opened with a gap down of 400+ points and took the support of 47900 and reversed till resistance zone of 48550 in the second part of the trading. Now the resistance zone of 48250 is a support zone.
If BankNifty sustains above the resistance of 48550 we can expect a upward movement to below resistance levels
There is no change in support levels. If BNF moves downward and breaks the major support at 48350. We can expect further 200 points down move till 48150.
Below are the support levels to watch
If BankNifty sustains above the resistance of 48550 we can expect a upward movement to below resistance levels
- Resistance 1 48550
- Resistance 2 48800
- Resistance 3 49000
There is no change in support levels. If BNF moves downward and breaks the major support at 48350. We can expect further 200 points down move till 48150.
Below are the support levels to watch
- Support 1 48350
- Support 2 48150
- Support 3 47900
