Bank Nifty spot 54809.30 by Daily Chart view - Weekly UpdateBank Nifty spot 54809.30 by Daily Chart view - Weekly Update
- Support Zone 53575 to 54175 for Bank Nifty Index
- Rising Support Channel seems back in positive action mode
- Resistance Zone 54975 to 55575 of Bank Nifty Index may act as a strong barrier to cross
- Minor Gap Down Opening of Tuesday would get closure soon, probably over the next week
- Earlier Resistance Zone now seems like getting in the Support Zone role by this weeks closure
Gapdownfill
Bank Nifty spot 54114.55 by the Daily Chart view - Weekly updateBank Nifty spot 54114.55 by the Daily Chart view - Weekly update
- Support Zone 53150 to 53650 for Bank Nifty Index
- Rising Support Channel Breakdown would act as a Resistance
- Resistance Zone earlier Support Zone at 54160 to 54660 for Bank Nifty Index
- Bank Nifty Index trending within the Support and Resistance Zone since last week
- Bearish Rounding Top acting as a resistance and again index closed below Resistance Zone
- Minor Gap Down Opening of Thursday last week closed, now Friday gap down needs a closure
Bajaj Finance cmp 877.85 by Daily Chart viewBajaj Finance cmp 877.85 by Daily Chart view
- Support Zone 849 to 867 Price Band
- Resistance Zone 896 to 920 Price Band
- Gap Down Opening of 25th July, 2025 may act as Resistance
- Volumes in close sync with the average traded quantity over the past few days
- Darvas Box setup : Stock Price trading between Support Zone and Resistance Zone Bands
- Most of the Technical Indicators BB, EMA, MACD, RSI seem getting in the positive momentum
#Nifty Trade Setup For Monday (7th June)So for tomorrow there is a simple Strategy.
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If Nifty cross 15680, we will buy 15700 CE for 40 points.
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If Nifty goes below 15620, then you should go for PE.
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If Nifty give gap down below 15620, then you should go for call option once it goes above 15620.
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If Nifty give Gapup Opening then buy on dip strategy will apply.
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Keep learning keep earning
KOTAK BANK ANALYSISExplanation on the chart.
The price seems to be rejecting lower levels very sharply and seems to be consolidating above the 200MA on the 1 hour chart. 1900 is also a psychological level that is acting as a good support over the last couple of sessions.
I would consider the current price to be a good entry point on the stock with a medium term perspective and the price could re-test 2,000 soon.
These are my personal views and I reserve the right to be wrong. Please trade with appropriate risk management.