Nifty Bank IndexShort
BankNifty 7/5/2021
Updated
Hello Everyone,
Hope you all are fine and Safe ..!
BnkNifty to open Gap Up 100 pts considering last few min buying.
Resistance Level - 32900 and 33000 are strong resistance leve.
Since last 2 days BnkNifty is not able to cross this level.
So try to avoid first 15 min trade and if you see a reversal from above level you can go for Short till 32750 to 32800.
If this level i.e 32700 is broken then next Support level is 32450 and 32500.
Below 32400 .. a good downward rally till 32000 can be seen.
Support Level - 32750 and 32800 are becoming good support zone.
So, if planning to go long/buying side wait for first 15-30 mins, Let the Resistance level of 33000 breake with large volume and Buy above 33050.
Above 33050, Upward rally till 33250 and 33400 can be seen.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please like and share.
Hope you all are fine and Safe ..!
BnkNifty to open Gap Up 100 pts considering last few min buying.
Resistance Level - 32900 and 33000 are strong resistance leve.
Since last 2 days BnkNifty is not able to cross this level.
So try to avoid first 15 min trade and if you see a reversal from above level you can go for Short till 32750 to 32800.
If this level i.e 32700 is broken then next Support level is 32450 and 32500.
Below 32400 .. a good downward rally till 32000 can be seen.
Support Level - 32750 and 32800 are becoming good support zone.
So, if planning to go long/buying side wait for first 15-30 mins, Let the Resistance level of 33000 breake with large volume and Buy above 33050.
Above 33050, Upward rally till 33250 and 33400 can be seen.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please like and share.
Note
33500 is next Resistance Level.33000 is has become Support Level.
A more of upward rally can be seen if 33500 is broken till 34000
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