Banknifty technical overview
banknifty is not recovered fully as compared to speed at which nifty recovered upto pre covid levels.
now banknifty reached the zone which acted as suffering zone previously.
range is quite wide i.e. 29700-30800.
so be cautious
Nifty technical overview
breached weekly trendline resistance & sustaining above it
option chain analysis-
13100 may act as supply zone if stays below this level.
heavy put writing observed today at 12900 strike & Call writers exiting from lower strike price indicating positive sentiment.
13000 is imp psychological level, if breached nifty will head towards 13100,13200
Another bull flag spotted
Apollo hospitals
as per option chain analysis, 2300 level will act as support. so as long as it stays above 2300, it is bullish to me.
buy on flag breakout
Dabur (Swing + Investment)
formed too many bearish reversal candles near resistance but price is not falling & spending time near resistance.
500 level is good support.
above 540 it will blast as it will break the all time high.
we will observe price action near 500 area
