SudharsanG

SudharsanG

Bank nifty is in "CAT in the WALL" situation, breaking down the trend line will leads to 34,400 levels which is is neck line of the "Double Top" formation of price in hourly time frame. but if b.nifty took a strong support in trend line then it will move higher. Tomorrow is expiry day, so trade carefully. thank you.

SudharsanG

As you see the RSI and price took a trend line support and bounced a little bit, hope the bounce will take price to 33000 levels soon. Thank you.

SudharsanG

Trading Levels for tomorrow. Trade as per the levels marked above.

SudharsanG

Banknifty saw a rejection in 35200 levels and also it broke the Trend line today. Once it closes below or open gap down tomorrow, it may retest 34400 levels tomorrow.

SudharsanG

AS PER THE TRADING LEVELS PLOTTED ABOVE, BNIFTY IS IS CLEAR UP TREND FOR A SHORT TERM, so it time to go long in nifty.

SudharsanG

THIS IS THE TRADING LEVELS FOR BANK NIFTY, TAKE TRADE AS PER THE LEVELS PLOTTED ABOVE. AS THE UPPER TREND LINE IS BROKEN WHICH ACT AS A RESISTANCE FOR A VERY LONG TIME, ITS TIME TO GO LONG IN BANK NIFTY.