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Strongzone

BIG Bounce Or Fall? Banknifty Simple Analysis for tomorrowRecap: As mentioned yesterday's analysis Bank nifty started with fake break out after firing 2 strong bullish candle on 15min & then a sudden dip trapped many players. But still strong support 46900 helped saved bulls to reach again for a breakout but failed & BN closed at support 46900. Analysis for Next Day: Bears have started dominating as seen today bulls failed to break 47200-47300 level twice also confirms bears presence more then bulls. Again mentioning bullish presence is strong above 47300. Trend line support has also been broken in last 30 min session today & closed at support. if BN open below 46900 this can be bearshish move. Keep eyes on opening print. Bulls can bounce from daily resistance if gap up opening is seen & for momentum they need to cross 47300. Looks like may be it will a sideways day tomorrow. Support : 46900,46700 Resistance : 47100,47300 Note : Do your own analysis before making any trade decesions.
NSE:BANKNIFTY
by Price_actiontaker14
Updated

Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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