Banknifty View : Intraday Levels for 7th July 2021
Overview: Banknifty gapped up above 35240 levels and as expected we kept moving upward and all our given targets till 35710 have been achieved.
But we gave closing on the lower side due to profit booking at higher levels and NIFTY missed ATH.
The view is bullish and the trend is positive now as long as we are sustaining above 35100 levels.
Banknifty resistance level: 35575/35710
If we open flat and go past 35575 on forming a bullish candle in 15 mins we can buy BNF for the next level of resistance.
Banknifty Support level: 35405/35240
If we gap down and start to trade lower then we might see a fall and support can be found at 35405 and 35240 levels, so buying is suggested around 35240 levels, Keep an eye.
Mostly tomorrow can be a wait and watch day, let the market decide if it sustains the support or not.
PLEASE SUPPORT BY LIKING AND SHARING IDEAS IN THE COMMENT SECTION
But we gave closing on the lower side due to profit booking at higher levels and NIFTY missed ATH.
The view is bullish and the trend is positive now as long as we are sustaining above 35100 levels.
Banknifty resistance level: 35575/35710
If we open flat and go past 35575 on forming a bullish candle in 15 mins we can buy BNF for the next level of resistance.
Banknifty Support level: 35405/35240
If we gap down and start to trade lower then we might see a fall and support can be found at 35405 and 35240 levels, so buying is suggested around 35240 levels, Keep an eye.
Mostly tomorrow can be a wait and watch day, let the market decide if it sustains the support or not.
PLEASE SUPPORT BY LIKING AND SHARING IDEAS IN THE COMMENT SECTION
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