Bank Nifty story, it broke 35650. It is a major resistance level in the bank's nifty. Look at the chart. It tried to break multiple times, but now it broke along with 200MA. Things are bright and sunny, the bank nifty will sustain above the 200MA. Now Bank Nifty is nearing to fill the gap between 37300 and 36650. If any profit booking from higher levels, let's keep an eye on the down side of 200MA.
If the market opens with a gap up sustain above 37000 The first level to watch 37,300 If it is broken, we can expect a rally to 38000 and 38400
If the market opens with a gap down below 37000 The first levels to watch 36,650 That is being broken further down into 36300 and 36,000
Wide range, we are looking for 38000 and 36650 We can plan our direction after the range break.
If the market opens with a gap up sustain above 37000 The first level to watch 37,300 If it is broken, we can expect a rally to 38000 and 38400
If the market opens with a gap down below 37000 The first levels to watch 36,650 That is being broken further down into 36300 and 36,000
Wide range, we are looking for 38000 and 36650 We can plan our direction after the range break.