indiamarketoutlook

Bank Nifty: Imp levels for Bank Nifty to watch out for...!!!

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty
Closing Price 26098

Levels mentioned in the chart


Resistance 26288-26450 zone

Support 25800

Below 25800, doors will open for Bank Nifty to fall up to

25280 levels ...


Take care & Plan your trade accordingly...!!!
Comment: Well Bank Nifty opened with a big gap down and on expected lines below 25800, the index has tested and is trading right in the 25200-25280 zone...

Its still not worth to do leverage trade...

Keep calm and wait for the opportune moment...!!!
Comment: No trade was done today but we see levels identified with Technical Analysis being respected to a great extent...




We are still not out of the woods... in coming days there could still be more selling pressure coming

Resistance level mentioned is still intact
Hello Sir,

Like your charts and analysis very much :) very simple and uncluttered.

At what levels would you suggest we position ourselves for a swing short position ?
Reply
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