Nifty Bank IndexUpdated BankNifty for Coming week 21.02.2022
BANKNIFTYCMP 37,600
Qty: 1 Lot Shares
1. Resistance/ Supply: 39136-40168 (weekly)
2. Resistance/ Supply: 17,337-17-365 (15 m)
3. Support / Demand : 37,180-37,384
4. Support / Demand :36,928- 36,990
5. Support / Demand : 34,740 - 35,330 (daily)
6. Support / Demand : 32000-33,340 (weekly)
In case BankNifty opens Up or Gap Up buy a call of ATM 37,800 when the index is above 37,816. and hold
It has scope for the uptrend till bankNifty reaches 39,100.
In case BankNifty opens down It has support at 37,400 and Then 37,000. So buy call of ATM and hold
It can move upside since no major resistance till 39,100
The overall bias is + and performance to remain good on ATM Call long positions .
Disclaimer: the author may enter in trade, take your own decision , This is a trading idea, not a trading or investment advice
Trade closed manually
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