02042024 Price Activity.

BANKNIFTY Today All the Major Indices opened Gap UP and sustained for the whole day. Nifty is Up by 0.61% , BankNifty 0.96% , FinNifty 1.0% and Sensex 0.49% that's for the 01/04/2024. What we have for tomorrow and this Week. That is what I am going to share through Technical Analysis. Since tomorrow is the Expiry for the BankNifty lets take a Look at BankNifty Price Levels.

Based on the Technical Analysis in BANKNIFTY we still have room for up-side until 47900-48000 which will act as 1st Resistance Zone and most likely that is the price where we will see the selling Pressure which leads prices go further up for 2nd Resistance Zone 48200-48300.

Today BANKNIFTY Closed at 47558.70 with a high of $47646.60, Based on that Todays High will Act as Resistance for tomorrow session and we could see a Fall from there.
Green Box Represent a Zone where BANKNIFTY Price will Move and on the other hand White Box Represent the same however if BANKNIFTY fell below 47373 then Price could further Down for 47250 Area where It Gets a Support to go for 48000 levels.

Price Levels to whatchout for
Resistance-47650-47700
First Support-47370
Second Support-47250


Disclaimer:
The Prices levels which i have shared are my own Personal Analysis and not to be Treated for any Trade Execution Kindly Do your Research and Analysis for any Trade Execution.