Levels Above - 39429-499, 39752, 40109-201, 40450-516
Levels Below - 38941-39019, 38666-613, 38385-309, 37967, 37825, 37551-386
Sorry for not posting levels last week as i was busy with Indian Options Conclave 4.0, held in my city SURAT, Gujarat
Best of Luck for Monthly Expiry
Bank Nifty is in Sideways to Volatile trend till it remains in the range of 41500-43500
Zones Above - 42453-408, 42695-637, 43019-137, 43510-614
Zones Below - 42273, 42128-156, 41956-42011, 41697-569, 41363-320, 41123-051
Bank Nifty may react to US sentiments on 4th initially buy over all it is in a bullish mode
Levels Below - 43041-103, 43853-894, 42449-488
Levels Above - 43438-474, 43573-614, 43807-887
Bank nifty is side ways as of now
If it crosses 43304-43372 levels next resistance is 43573-614, 43807-887
Resistances below are 43086-42971, 42894-853, 42488-449
Bank Nifty lost its steam of bullishness as of now, it is in a range where bias is undecided
only if it breaks and closes below 42222 on Daily closing basis it will get Bearish
&
if it breaks and closes above 441555 on Daily closing basis it will get Bullish
in between the above 2 levels it will keep giving Goosebumps, hence avoid heavy positions till then.
Banknifty had a good recovery today and is ready for a good upmove tomorrow as daily candle is nearly a bullish hammer and 125 minutes has morning star formataion. if it crosses 431000 then next big resistances are 43600 and 44100
Bank Nifty has shown a very huge short recovery today, i have drawn accurate levels and zones, kindly trade for the lowest risk and highest reward on my shown zones.
Key Levels For Easy Option Buying & Selling in Banknifty
Banknifty Important Support Zones
First Support Zone For BankNifty – ( 40164 - 40198 )
Second Support Zone For BankNifty – ( 39918 - 39948 )
Third Support Zone For Bank Nifty – ...
Key Levels For Easy Option Buying & Selling Strategy For Banknifty
Major Support Zones For Monday
First Support Zone For BankNifty – 39115 - 39140
Second Support Zone For BankNifty – 38813 - 38837
Third Support Zone For...
In this 30min chart 37674-37627 is first support range. If BN will not bounce from this range and trades below 37627 then 37452-37346 is next support range. Overall BN may bounce from first OR second support range as mentioned. BN is negative only if trades below 37346 which is 61% retracement of recent impulse(36876-38107).
