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Banknifty - Intraday levels & Prediction for - 21 May 2024

Short
NSE:BANKNIFTY   Nifty Bank Index
Banknifty Prediction for Tomorrow and Current Week:

Trend : BEARISH

Sentiment : Positive

Expectation : Moderately BEARISH

Banknifty expected to be in range between 48300 & 47700 support and resistance Level this week respectively.

Tomorrow Banknifty likely to Open flat and BEARISH fall might be there before it moves on the higher side. However the weekly trend is going to be sideways this week so we cant expect trending move until the Election Result. Strong BEARISH fall will happen incase 47700 Support is compromised.

Look for Buy/Sell at Demand and Supply zone for profitable trades.

Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.

Refer the chart for detailed Intraday Support and Resistance levels.

Happy Trading!!

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