BankNifty Future Analysis for Tomorrow 27th June 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels Tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live...
Buy PNB above 36 breakout as the stock has formed a strong support near 32. The stock has recovered well from its support and is on a roll to give a breakout. If the stock breaks out above 36 level buy it for 39-42 levels in the coming days. If the stock reaches 32, will update for a fresh position if possible.
SBI looks positive above the trend line. SBI can be added from these levels as there is a strong support being formed. The stock touched the low and a positive diversion was seen after which the stock is in strong positive momentum.
Bank nifty looks positive and can be added from these levels. If we see the bottom there is a clear support with TDI diversion. The index broke its resistance today strongly and should continue its strong momentum. The first target is 33500 followed by 34100. Should follow a stoploss below 32000 on closing basis.
Tata Motors is trading in a very narrow range and we expect the stock to breakout from the range. A strong upside momentum is expected above 300. The position for tata motors will be bullish above 300 for an immediate target of 308 followed by 314. A level of 292 looks like a strong support and stoploss should be kept below this level.