The Support and Resistance Levels for the BankNifty.
The most important Yearly Level for BankNifty @ 31584 got rejected and formed a Bullish pin bar of the weekly chart if the price holds above the level(31584) the next target will be 32763 (+575 Points) CMP @ 32187, if the level fails the next immediate support will be 30405 (- 1725 Points Approx).
Strong resistance seen around R1 31002-31069 & R2 31635-31749.
BN @31115 which is R1 zone ...breaking the levels can move towards R2
use the levels to short with strict stops
Respect risk....Happy Trading