Hello Everyone, As per my analysis, BnkNifty to Open GAP DOWN. 32500 an important SUPPORT level, if this level is broken then further downfall upto 32000 can be seen. If Bnknifty reverses from 32500, then upward movement till 33225 can be seen.
Banknifty is in sideways ! May expect move in afternoon session. My stance is still Neutral. A week to be extra cautious! Major Resistance:32800 Major Support: 32000 Trade with Stoploss!
My stance is still Neutral. A week to be extra cautious! Major Resistance:32300 Major Support: 31000 Trade with Stoploss!
Weakness may continue in Banknifty My stance is still Neutral. Immediate Resistance:31500 Immediate Support: 31000 Trade with Stoploss! Only for Information & Educational Purpose!!
Nifty & Banknifty elliott wave analysis for 3feb 2021 onward