Bank Nifty 34,400 levels on charts
In this we will discuss the bank nifty levels for tomorrow, 27 June and understand how to take trades and what to do when the market opens Gap Up. Do watch the video till the end and follow my levels.
This is bank nifty chart on the One hour time frame. Friends, if you notice that Bank nifty has closed at 33,700 levels on Friday. Now this is a crucial Gap Resistance levels for tomorrow.
So as per my analysis, I can see a clear Gap up of 300 points in bank nifty tomorrow and we might open above 34,000 levels. Happy naa, yes we will open Gap up on Monday. Will this gap up sustain or not after opening is the issue?
In the past also the gap ups have been sold out.
If we sustain this gap up tomorrow, then we will hit 34,400 levels.
This is a strong zone of resistance for bank nifty as it’s a Gap resistance which is marked on the chart by red horizontal line. I will try to close my long trades here at 34,400 levels and wait for any bearish trade entry if we fail to break 34,400 levels on the daily time frame.
My tomorrow trade plan in bank nifty will be, considering that if we sustain the gap up open after market open, then I will go long in bank nifty futures at 33,930 levels and keep a target of 34,400 levels with stop loss at 33,810 levels. I will maintain a bullish outlook for bank nifty tomorrow till we hit 34,400 levels on charts.
This is bank nifty chart on the One hour time frame. Friends, if you notice that Bank nifty has closed at 33,700 levels on Friday. Now this is a crucial Gap Resistance levels for tomorrow.
So as per my analysis, I can see a clear Gap up of 300 points in bank nifty tomorrow and we might open above 34,000 levels. Happy naa, yes we will open Gap up on Monday. Will this gap up sustain or not after opening is the issue?
In the past also the gap ups have been sold out.
If we sustain this gap up tomorrow, then we will hit 34,400 levels.
This is a strong zone of resistance for bank nifty as it’s a Gap resistance which is marked on the chart by red horizontal line. I will try to close my long trades here at 34,400 levels and wait for any bearish trade entry if we fail to break 34,400 levels on the daily time frame.
My tomorrow trade plan in bank nifty will be, considering that if we sustain the gap up open after market open, then I will go long in bank nifty futures at 33,930 levels and keep a target of 34,400 levels with stop loss at 33,810 levels. I will maintain a bullish outlook for bank nifty tomorrow till we hit 34,400 levels on charts.
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