This would be the intraday level for banknifty.Trade on your risk
If Banknifty breaks 37300, it will fall drastically because 37300 level is very important as per OPTION CHAIN as well as PRICE ACTION both.So after the breakout of this level it fall like any thing.
If banknifty sustains above 36410,it will fly more high.
If banknifty breaks and sustain above 35910 then it may go up. This is not investment advice.
If banknifty start trading below 35490 then it will fall very badly.
If nifty breaks and sustain above 16710 then it will go rise
If banknifty sustains above 35470 Then it may show rise.
If nifty breaks 16635 it may go upto 16680-700.Because as you might have seen yesterday in nifty and banknifty both had good pull back.
If nifty breaks 16600 then it will fly,because 16600 is psychological level as well as if you see option chain,highest open interest is built up on 16600.But if it starts trading below 16490 then it may go down also.
If nifty breaks 16555 level it will fly.But if it break 16470 then it may go down, but in mu opinion market is bullish. So going for sell will be stupidity i guess.
If nifty breaks 16180 and form price action, it will go more down because 16180 is the important support for the nifty.
If banknifty breaks 358700 and form price action then it will go more down.In banknifty 35700 is importatnt support level.
If banknifty breaks the previous high i.e. 36320, It will fly. Because 36300 is the area where most of the call writers are waiting, if it is broken then call writers may get trapped and it will fly like rocket.
If banknifty breaks 35980 with high volume,it may give 150-200 points downside. Because it is testing its support again and again.
If banknifty breaks 35500 it may become super bullish because, according to option chain and price action 35500 level is very important level.
If it breaks upper resistance level it will go more up and if it breaks lower support level it will go more down For intraday.
If banknifty breaks 35500 it may go down