Banknifty View:
Banknifty makes invented Hammer pattern in Weekly timeframe, which indicates reversal in trend similar to Nifty.
Tomorrow Banknifty likely to Open small gap up or flat and we have resistance around 44070/44100 level is where we can initiate SELL entry for Target 43800/43700.
If 43680 is compromised next Support we have is 43480/43400
BULLISH only above 44100.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Banknifty makes invented Hammer pattern in Weekly timeframe, which indicates reversal in trend similar to Nifty.
Tomorrow Banknifty likely to Open small gap up or flat and we have resistance around 44070/44100 level is where we can initiate SELL entry for Target 43800/43700.
If 43680 is compromised next Support we have is 43480/43400
BULLISH only above 44100.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
