BankNifty Analysis 2nd June 2021

Hello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!

As predicted yesterday, BnkNifty Opened Gap Up Today.

BankNifty can Open Gap Down .... Tomorrow ...!

Resistance Level :
1. Strong Resistance exists at 35500.
2. Next Good Resistance at 35800.
3. Strong Resistance at 36000.
4. Good Resistance is developing at levels from 35500 to 35800.

Support Level :
1. 35000 has become Strong Support Level .
2. Good Support Below is 34500 Level.
3. Good Support Zone between 35100 and 35250.

Trend Lines :
1. Orange Line : BnkNifty is now trading below Big Orange Line ..what does that indicate ..Support is broken and it will/can act as a Resistance.
2. Red Line : BnkNifty is also facing a new Resistance as indicated by New Red Trend Line .

SideWays Possibility :
More Chances of DownSide Sideways market Between the Range 35400 to 35000.

This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.

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