Banknifty chart setup for Monday 21/3
In last 2 previous sessions there was huge gap up and it was total 1500 points move in just two days.
Based on above chart resistance is placed at 36700 followed by 37000
When banknifty will close above 37000 resistance further up move will open.
On the flip side 35880 will act as a support.
Breaking below 38500 we can see 35080 level near future.
How to trade banknifty on coming days?
Buy above 36720
Target 1 - 36880
Target 2 - 37050
Sell below 36200
Target 1 - 36000
Target 2 - 35880
Based on above chart resistance is placed at 36700 followed by 37000
When banknifty will close above 37000 resistance further up move will open.
On the flip side 35880 will act as a support.
Breaking below 38500 we can see 35080 level near future.
How to trade banknifty on coming days?
Buy above 36720
Target 1 - 36880
Target 2 - 37050
Sell below 36200
Target 1 - 36000
Target 2 - 35880
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.