Bank Nifty: Next Week Trade Setup
Updated
Trade setup for Bank Nifty:-
Very Strong Supply Zones @ 22200-23000 Zone.
Demand Zone @ 21700-21750 Zone.
Very Strong Demand Zone @ 20700-20950.
1. There are Multiple Supply Zones in the range of 22200 to 23000. Its not easy for the Bank Nifty to sustain above 23000 in next week. In any case if it will manage to sustain above 23000 then It may test it's next Strong Supply zone near 24500.
2. In any case If Bank Nifty will sustain below 22700 then it may test its next Strong Demand Zone @ 20700-20950.
Thank X :)
Very Strong Supply Zones @ 22200-23000 Zone.
Demand Zone @ 21700-21750 Zone.
Very Strong Demand Zone @ 20700-20950.
1. There are Multiple Supply Zones in the range of 22200 to 23000. Its not easy for the Bank Nifty to sustain above 23000 in next week. In any case if it will manage to sustain above 23000 then It may test it's next Strong Supply zone near 24500.
2. In any case If Bank Nifty will sustain below 22700 then it may test its next Strong Demand Zone @ 20700-20950.
Thank X :)
Note
𝑩𝒂𝒏𝒌 𝑵𝒊𝒇𝒕𝒚 𝒊𝒔 𝑯𝒐𝒍𝒅𝒊𝒏𝒈 22200...𝑵𝒐𝒘 𝒎𝒂𝒚 𝒕𝒆𝒔𝒕 𝒊𝒕𝒔 𝒏𝒆𝒙𝒕 𝑺𝒖𝒑𝒑𝒍𝒚 𝒁𝒐𝒏𝒆 𝒏𝒆𝒂𝒓 22550 𝒂𝒏𝒅 23000Note
𝑩𝒂𝒏𝒌 𝑵𝒊𝒇𝒕𝒚 𝑪𝑴𝑷 @ 22140. 𝑫𝒐𝒏𝒕 𝒕𝒉𝒊𝒏𝒌 𝒕𝒉𝒂𝒕 𝑩𝒂𝒏𝒌 𝑵𝒊𝒇𝒕𝒚 𝒊𝒔 𝒘𝒆𝒂𝒌...𝒕𝒉𝒆𝒓𝒆 𝒊𝒔 𝒂 𝒑𝒐𝒔𝒔𝒊𝒃𝒊𝒍𝒊𝒕𝒚 𝒕𝒉𝒂𝒕 𝑩𝒂𝒏𝒌 𝑵𝒊𝒇𝒕𝒚 𝒘𝒊𝒍𝒍 𝒈𝒊𝒗𝒆 𝒔𝒕𝒓𝒐𝒏𝒈 𝒖𝒑𝒎𝒐𝒗𝒆 𝒊𝒏 𝒄𝒐𝒎𝒊𝒏𝒈 𝒅𝒂𝒚𝒔. 𝑰 𝒂𝒎 𝒏𝒐𝒕 𝒃𝒆𝒓𝒓𝒊𝒔𝒉 𝒊𝒏 𝑩𝒂𝒏𝒌 𝑵𝒊𝒇𝒕𝒚 𝒖𝒏𝒍𝒆𝒔𝒔 𝒅𝒂𝒊𝒍𝒚 𝒄𝒍𝒐𝒔𝒊𝒏𝒈 𝒃𝒆𝒍𝒐𝒘 21700.Note
𝒘𝒉𝒂𝒕 𝒂 𝒎𝒐𝒗𝒆 𝒊𝒏 𝑩𝑵𝑭. 𝑵𝒐𝒘 𝒕𝒓𝒂𝒅𝒊𝒏𝒈 @ 22400Note
After 1st Update in the morning @ 22140 Bank Nifty moved to 21650.Note
Bᴀɴᴋ NIFTY CMP @ 27700 ɪs ғᴀᴄɪɴɢ Dᴀɪʟʏ ᴀɴᴅ ᴡᴇᴇᴋʟʏ ʙᴏᴛʜ Rᴇsɪsᴛᴀɪᴄᴇ @ 22500 ᴛᴏ 23000. Dᴏɴᴛ ᴛʀʏ ᴛᴏ sʜᴏʀᴛ ʙᴇᴄᴀᴜsᴇ ɪᴛ' ᴍᴀʏ ᴄʟᴇᴀʀ ᴛʜɪs ʟᴇᴠᴇʟs ᴡɪᴛʜ ᴛʜʀᴜsᴛ.Note
Nᴏᴡ I ᴛʜɪɴᴋ ᴍʏ ᴀɴᴀʟʏsɪs ᴡᴀs ʀɪɢʜᴛ... NF ɪs ɪɴ Rᴇᴅ BNF ɪs ɪɴ GʀᴇᴇɴNote
BNF CMP @ 22850. Tᴏᴍᴏʀʀᴏᴡ ɪs ᴀ ᴇxᴘᴇʀʏ ᴀɴᴅ I ᴍ sᴇᴇɪɴɢ ᴛᴏᴍᴏʀʀᴏᴡ ᴇxᴘᴇʀʏ ᴀʙᴏᴠᴇ 23000.
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