BANKNIFTY SUPPORT LEVELS
SUPPORT 1: 28000
SUPPORT 2: 27692.
For long term reversal, we will have to wait till 27692. While analyzing the option data 28000 is strong support and with chart analysis, we can clearly see a reversal between 27650 to 27850. We should wait for a hammer pattern in 5-10 trading days.
With reference to global cues, we can see a reversal in 5-7 trading days in NASDAQ and DOW.
SUPPORT 1: 28000
SUPPORT 2: 27692.
For long term reversal, we will have to wait till 27692. While analyzing the option data 28000 is strong support and with chart analysis, we can clearly see a reversal between 27650 to 27850. We should wait for a hammer pattern in 5-10 trading days.
With reference to global cues, we can see a reversal in 5-7 trading days in NASDAQ and DOW.
Trade active:
Bank nifty has broken the Support level of 27692. Depending on the news next support levels are 27000 and 26568. We can see a reversal only by 26568.