28th June 2021 Analysis:
The trend is positive in the Bank Nifty index, I am still bullish in the market until it touches ATH.
The trend is a friend unless it bends in the end.
Overview: Bank Nifty gave a good rally the previous session, touched resistance of 45405, and gave closing above 35200 levels after a profit booking at last 15 mins.
Banknifty resistance level: 35405/35575
If tomorrow Bank Nifty opens flat and we can initiate a buying once we give a bullish candle on 5 or 15 mins frame, once we cross the resistance of 35405 we can hold for the next resistance as a target.
Banknifty Support level: 35240/35076
If bank nifty gaps down and trades below 35240 levels then only we will short in market for lower support else every dip in market can be bought.
The view is still for a very good rally in Banknifty in upcoming sessions so we should be ready to ride the bulls.
The market view is bullish so if supports are found we can see a sharp recovery too.
The trend is positive in the Bank Nifty index, I am still bullish in the market until it touches ATH.
The trend is a friend unless it bends in the end.
Overview: Bank Nifty gave a good rally the previous session, touched resistance of 45405, and gave closing above 35200 levels after a profit booking at last 15 mins.
Banknifty resistance level: 35405/35575
If tomorrow Bank Nifty opens flat and we can initiate a buying once we give a bullish candle on 5 or 15 mins frame, once we cross the resistance of 35405 we can hold for the next resistance as a target.
Banknifty Support level: 35240/35076
If bank nifty gaps down and trades below 35240 levels then only we will short in market for lower support else every dip in market can be bought.
The view is still for a very good rally in Banknifty in upcoming sessions so we should be ready to ride the bulls.
The market view is bullish so if supports are found we can see a sharp recovery too.