BANK NIFTY
Updated
Important levels for 17-05-2021
The index was stuck inside a range and traded within it for a larger part today after the initial fall.
Despite of a good number of attempts to break 32400 levels the price never closed above it, so sellers safeguarding their positions at that level. Again weak low formed today at 32185 level which will be tested early on Monday, price sustaining below 32185 will make 31950 and 31650 our targets.
Strictly one should avoid taking longs till 32400 taken out strongly.
The index was stuck inside a range and traded within it for a larger part today after the initial fall.
Despite of a good number of attempts to break 32400 levels the price never closed above it, so sellers safeguarding their positions at that level. Again weak low formed today at 32185 level which will be tested early on Monday, price sustaining below 32185 will make 31950 and 31650 our targets.
Strictly one should avoid taking longs till 32400 taken out strongly.
Note
Markets make a U Turn, 32650 should act as a good support zone, longs with a small SL can be initiated at these levels
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.