BankNifty 28Jan Levels
yesterday levels shared played out beautifully for big profits today if traded at these levels.
1. BankNifty closed again with a bullish piercing kinda pattern on daily chart.
2. Nifty closed 160 point below while Bank Nifty structures on chart look strong gaining 275 points more. Axis, SBI and kotak all performing well.
3. I am publishing this idea before FII and DII data available. Further OI data for next week will not be available till Monday like always. One can only look at feb Monthly data.
4. 38000 level Resistance. If it breaks this then further move up
5. 37900/800/500 support levels for BN
6. CPR levels for tomorrow marked in blue and pink
PS: US markers what they do overnight has to be watched. Ahead of budget we need to trade cautiously.Although there are positive cues for common man on taxation and GST.
yesterday levels shared played out beautifully for big profits today if traded at these levels.
1. BankNifty closed again with a bullish piercing kinda pattern on daily chart.
2. Nifty closed 160 point below while Bank Nifty structures on chart look strong gaining 275 points more. Axis, SBI and kotak all performing well.
3. I am publishing this idea before FII and DII data available. Further OI data for next week will not be available till Monday like always. One can only look at feb Monthly data.
4. 38000 level Resistance. If it breaks this then further move up
5. 37900/800/500 support levels for BN
6. CPR levels for tomorrow marked in blue and pink
PS: US markers what they do overnight has to be watched. Ahead of budget we need to trade cautiously.Although there are positive cues for common man on taxation and GST.