Nifty Bank IndexLong
BANKNIFTY levels for 07 August 2023
BANKNIFTY will open Gap-Up tomorrow. On the upside, BANKNIFTY has strong resistance at the 45222 level. If BANKNIFTY continues to be in Green for the first half an hour, we may see BANKNIFTY consolidating around this level. If BANKNIFTY pulls back, it could come down to the latest close.
In case BANKNIFTY opens continues to be in Red during the first half an hour, 44502 is a strong support. In case of continuation of a downtrend, 44354 and 44298 are the levels we can expect a reversal.
Note: This is just a personal opinion and not a trade advisory. Do your own analysis before initiating a trade.
In case BANKNIFTY opens continues to be in Red during the first half an hour, 44502 is a strong support. In case of continuation of a downtrend, 44354 and 44298 are the levels we can expect a reversal.
Note: This is just a personal opinion and not a trade advisory. Do your own analysis before initiating a trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.