Bank Nifty aligned with Negative/Bearish Sentiment and made a BIG Red candle in Daily TF which indicates short term BEARISH Trend Reversal, however it depends on the close tomorrow.
Tomorrow Bank Nifty likely to Open Flat / Small gap down, if any pull back to 41000 Supply zone is the Sell Entry point for 40600 & 40400 Lower targets.
BULLISH move possible only above 41150
Demand and Supply Zones - When price breaks the zones, Demand zone will become Resistance and Resistance zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.