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kiranrshinde
May 31, 2021 2:20 PM

BankNifty Analysis 1 June Intraday Levels Long

Nifty Bank IndexNSE

Description

Hello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!

BankNifty can Open Gap Up .... Tomorrow ...!

Resistance Level :
1. Strong Resistance exists at 36000.
2. Next Good Resistance at 35800 from current Levels.
3. Good Resistance at 36500.

Support Level :
1. 35000 has become Strong Support Level .
2. Next Support Below is 34500 Level.

*We Can see the 35500 is acting as a Good Support.

Important Note :
Buy Above Green Trend Line and at 35600 levels.
Sell Below 35450 and below Green Trend Line.

This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn Market.

I hope you all like my analysis.
Please do share your thoughts into comment section.

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Comments
mukkisa23
keep up the good work bro
kiranrshinde
@mukkisa23,

Thank you so much ...
Keep liking .. and sharing .. so that others can get benefit of it.
kiranrshinde
More Resistance developing at 35500....
Trade accordingly...
kiranrshinde
Guys don't miss the Intraday Video that i would be Uploading ... on YouTube Channel " BankNifty Only".
It is going to learning for new trader and revision for all.
Nilesh_Deshmukh
@kiranrshinde, looks like option writer exit there position from call side and shifted to put side
kiranrshinde
@embarrassedLem77694,

Yes ..you are right ..may be in a mood to take revenge of last expiry ... ha ha ha.
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