19000-19300 is a strong demand zone for this week. On the upside 19650-20450 is a strong supply zone. As I have mentioned yesterday Bank Nifty is trading in the wide sideways range. Bank Nifty is compared to weak. I will wait for the trend confirmation then only I will prefer to trade in the Bank Nifty. Right now I may avoid trading.
On Friday Nifty tested its lower level of its supply zone 9330-9600 but failed to close in this zone. In this coming week, 9330-9600 may act as a resistance and in any case, if it will manage to sustain above this zone then the next major supply zone @ 9850-10000. 8800-8950 is a demand zone on the downside.
On the daily chart next supply zone @ 20800-21500. If it manages to close in this zone or above this zone then the next supply zone @ 21750-22500 and the major supply zone @ 23900-24750.
Bank Nifty may be strong in the coming days. It's a good sign if it will sustain above 19000-19300. Next resistance is 19650-21800. Data formation is also positiv in Bank Nifty.
Major supply zone @ 19650-20500 and Demand zone @ 19000-19300. According to the option data max call writing @ 20000 and put writing @ 18000. If it sustains below 19000 then 1200 to 1500 point downside range will open.
-- In the last half an hour BNF managed to close above its major supply zone @ 18450-19000. Tomorrow if it manages to sustain above this zone then it may jump 600-900 points and may test its next supply zone @ 19600-19900. -- Demand Zones: 18400-19000 -- Supply Zones: 19600-19900
Nifty closed below its demand zone @ 81120-8165. Once it sustains below this zone on Tuesday then it may test its next demand zone @ 7750-7050. Carried short position in option because it will get the benefit of 3 days time decay. tgram a t swapniltradingroom
Bank Nifty major demand zone @ 17500-17600. If it sustains below this zone it may test it’s next support @ 16650 and demand zone @ 15300-15600. If it will manage to sustain above it’s demand zone then I may see OTM call and put.
Bank Nifty closed below its major supply zone @ 19300-20000. This is also an important zone on the weekly and monthly charts. Now sustain below this zone Bank Nifty may test its next demand zone @ 17500-17800.
Yesterday Bank Nifty closed above its supply zone @ 17800-18360. Today if it will manage to sustain above this zone it may test 19100-19400. There is less probability to sustain below this zone. 19750-20230 is a short term major supply zone.
Bank Nifty closed above its demand zone @ 16700-16800. Once it sustains below this zone it may test its next support @ 16300 and 15500. On the upper side if it will hold 16800 zones then again it may test 17500-17600 zone.
22970-22330 is a demand zone. Once It will sustain below its upper zone level then it may test 22330 which is a lower level of this zone. On the upper side, 23440-23570 and 24250-24500 are supply zones.
Last day Bank Nifty closed in its supply zone @ 26400-26470. Also, this is a middle zone if it’s a major supply and demand zone. If Bank Nifty will manage to sustain above this zone then it may test its next supply zone @ 26800-27050. Sustain above 27050 it may test its next supply zone @ 27150-27300. I am expecting one bounce and don't think so Bank Nifty will...
BNF closed below its supply zone @ 27780-27900. On Monday one it will fail to sustain above this zone then it may test its next demand zone @ 27200-27370. In any case, sustaining below 27200-27360 another 1000 points downside range will open. It's next minor support @ 26945 and then next major demand zone @ 26140-26350. Both indexes may be volatile because IVX is...
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