We all know that Bank Nifty is in a downtrend, however on the hourly chart it is oversold. 42480 (BNF) is a minor resistance zone. If it breaks and sustained, my target is 42640, 42695.
If the Bank Nifty drops below 42246, it may possibly fall as low as 42164 or even 41900. Today is expires, so be prepared.
stay caution at higher levels!
However, BNF might be seen as supports for 42300, 42200, and 42000.
Be prepared to apply the Zero to Hero approach today to gain 4-5 times profit since it is expiry day.
If the Bank Nifty drops below 42246, it may possibly fall as low as 42164 or even 41900. Today is expires, so be prepared.
stay caution at higher levels!
However, BNF might be seen as supports for 42300, 42200, and 42000.
Be prepared to apply the Zero to Hero approach today to gain 4-5 times profit since it is expiry day.