BANK NIFTY
Updated
Important Levels for 20-05-2021
With a strong low being formed at 33650 levels, expecting it to hold this expiry and act as a strong support.
Index forming LH, but i personally will be bullish above 33870-33890 levels for a initial target of 34000-34040 and final target of 34200, with SL at 32760 levels.
Will short only if 33540, the VPOC from 17-05-2021 is taken out.
View without considering global news and sentiments.
With a strong low being formed at 33650 levels, expecting it to hold this expiry and act as a strong support.
Index forming LH, but i personally will be bullish above 33870-33890 levels for a initial target of 34000-34040 and final target of 34200, with SL at 32760 levels.
Will short only if 33540, the VPOC from 17-05-2021 is taken out.
View without considering global news and sentiments.
Note
Nifty looks bearish, opening shall decide further course of action in bank nifty.Note
Levels held up till 13:30, what followed it was complete mayhem.
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