Nifty Bank IndexShort
Bank Nifty Analysis 17-Jan-2025
Today Bank Nifty opens at 48959 and close at 48540. Traded sideways in narrow range 48400 - 48600. On Monday, 48550 level crucial. If bank will trade above 48550 for first 30 min then bank nifty will trade bullish and Resistance level will be.
R1- 48675
R2 - 48800
R3 - 48925
EMA 21 (48584) is below then EMA 55 (48744), EMA 100 (48831), EMA 200 (49128). There is more PUT writer then CALL writer so Bank nifty is excepted to open negative and trade bearish. if bank nifty trade below 48550 for first 30 min then support level will be
S1 - 48445
S2 - 48180
S3 - 47900
R1- 48675
R2 - 48800
R3 - 48925
EMA 21 (48584) is below then EMA 55 (48744), EMA 100 (48831), EMA 200 (49128). There is more PUT writer then CALL writer so Bank nifty is excepted to open negative and trade bearish. if bank nifty trade below 48550 for first 30 min then support level will be
S1 - 48445
S2 - 48180
S3 - 47900
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