Bank nifty Support and resistance level for current week

Sep 12, 2022

40687 will act as a strong resistance for bank nifty. If it breaks next target will be 41807. If fails to break the resistance will move downside and the support will be 39610 as per today chart.Support level may change based on price action. If support level changes i will update.

Sep 13, 2022

Note

Bank nifty Intraday Resistance 40861/ Support 40727

Sep 13, 2022

Note

Resistance level reached. will consolidate for some time and move upside if bulls have strength or will move to support 40727

Sep 14, 2022

Note

Bank nifty moving towards our target. Target may reach today or tomorrow. Let's wait and watch. After reaching target some consolidation will happen.

Sep 15, 2022

Trade closed: target reached

Target is reached and reversed from that level as mentioned in chart.

Sep 15, 2022

Note

Bank nifty expected to consolidate below 41807 level for few days or week. After that it will try to break that level if bulls have strength. Otherwise, will move down towards support zone.