kiranrshinde

Banknifty Prediction Analysis 29 July, Monthly Expiry

NSE:BANKNIFTY   NIFTY BANK
Hello Traders,
Following are my analysis:

Resistance Level :
1. Good Resistance Zone exists at 35100-200
2. Stronger Resistance at 34800
3. Strong Resistance Zone at 34700-800.
4. Strongest Resistance at 35000.
* Increasing resistance above 35000.

Support Level :
1. 34100-300 is Strong Support Zone .
2. 34000 is a Strong Support Level .
3. 34500 is Stronger Support Level .
4. 34200-300 Good Support Zone .

NO Trade Zone : 34500-700

Trend Line :
Buy above trendline ...
Sell below trendline ..

*Imp Point:
34500 is crucial level for tomorrows expiry, if market opens above then it would act as good support, if opens below then good resistance level .
Try to avoid trading in first half if market Opens FLAT.

This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.

I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.

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