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BANKNIFTY ANALYSIS FOR 07 APRIL 2022

NSE:BANKNIFTY   Nifty Bank Index
BANKNIFTY ANALYSIS For 07-APRIL-2022 Live Intraday Calls, Predictions, And Market Analysis

As per current data and Nifty Future Suggest we may see a Gap Down or neutral to the negative opening on 07 April 2022 opening session, if we see a gap down opening of around 200-400 points and if Banknifty breaches 37215 level and at least trades for 30mins then we can easily see further decline up to 36800 by weekly expiry on Thursday or Friday session.

If we see a neutral to positive or a Gap up opening then we should wait for the price to break the 38008 level but make sure the breakout should be a strong breakout with good volume and if we cross the second resistance i.e 38224 we can see a move up to 39000 till Friday session.

To see a strong positive rally price should at least once test the strong support range i.e between 36792 - 36884 and if see this range breaks on Thursday's weekly expiry or on Friday we may see a strong downtrend upto 35000 points r may be further down, so the range 36792 - 36884 is a very important range in coming sessions.
🤑🤑 TRADE SETUP FOR BANKNIFTY🤑🤑

👉SELL BANKNIFTY ON EVERY RISE WITH STOPLOSS OF 38008 WITH TARGET 37393, 37215, 36998, 36806

👉BUY BANKNIFTY ABOVE 38008 WITH STOPLOSS OF 37510 AND TARGET 38224, 38424


✅ BANKNIFTY SUPPORT AND RESISTANCE LEVELS

SUPPORT 1 - 37393
SUPPORT 2 - 37215
SUPPORT 3 - 36998
SUPPORT 4 - 36808

RESISTANCE 1 - 37877
RESISTANCE 2 - 38008
RESISTANCE 3 - 38224

#BANKNIFTYOPTIONS TO WATCH
07 APRIL 37500 PE
07 APRIL 37800 CE


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