Short

BANKNIFTY

Updated

HI ALL ,
the Bank Nifty Index is currently in a significant trading zone and is attempting to test the resistance area around 41700-42000 levels. This means that the index is facing strong selling pressure at these levels, and traders are closely watching to see if it can break through this resistance and continue its upward momentum.
However, index took a sharp bounce from the 40000 level, which indicates that there is a strong support level around 40000-39700 levels. This support level is where buyers are stepping in to purchase the index if it breaks that level then we can see future fall in market.

Note

took 1st rejection at 41700 level

Note

40500 wait

Note

39500 support tested

Trade closed: target reached

WallStreetmny

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