Bank Nifty Weekly Analysis - Important Level will Hold or Not
Hello,
In previous week Bank Nifty filled the one pending gap @ 31800-31870. After all time high BNF is making lower low and higher low.
In this week important 1st important level to hold is 31050-31150 and 2nd is 30600-30650. Below 30600-30650 it may test 30350-30400-30450 which is a next strong demand zone.
If BNF will hold 31050 and 30600 then it may trade sideways or sideways to positive. In this week BNF may stronger then NF.
In this week I will focus on Option writing instead of Future trading.
Trade Well
In previous week Bank Nifty filled the one pending gap @ 31800-31870. After all time high BNF is making lower low and higher low.
In this week important 1st important level to hold is 31050-31150 and 2nd is 30600-30650. Below 30600-30650 it may test 30350-30400-30450 which is a next strong demand zone.
If BNF will hold 31050 and 30600 then it may trade sideways or sideways to positive. In this week BNF may stronger then NF.
In this week I will focus on Option writing instead of Future trading.
Trade Well
