Today will be slightly gap up opening will be in banknifty. After opening possible banknifty face resistance at 34950 level and chances of downside movement from this level upto 34550 level. In case breakout of 35000 level and sustain above 35050 then possible upside rally of 400-500+ points. Downside 34550 will act as an important support for today's session.
Today will be gap up opening in banknifty. After opening if it is sustain above 35050 level then possible 400-500+ points upside rally upto 35450 level. Downside possible if banknifty started trading below 34950 level. 34550 will act as an downside support for today's session. More chances it will take reversal from this support level if downside movement done in...
Today will be gap up opening in banknifty. After opening if baknifty sustain above 34550 level then expected further upside movement upto 34950 level. 34950 will act as an immediate resistance for today's session. More chances it will take reversal from this level. Strong downside fall possible if banknifty started trading below 34450 level.
Kotak bank swing trade with high risk-return ratio, fundamentals of Kotak bank are also very good and I am bullish on bank nifty if the bank nifty has to perform then Kotak will play a major role in accomplishing the same.
I have applied simple price-action, also ema200 is giving good support. Open to suggestions.
A perfect trendline showing downside of BANKNIFTY on 1HR time frame. Market taken rejection multiple times and on Friday closed at near to resistance level. If BANKNIFTY able to break the resistance then a good upward movement can be seen but rejection again from resistance will give a good opportunity for Short sellers. Keep an eye
banknifty future levels analysis for 21.06.2021, and understanding support and resistance for better trade.
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