BANKNIFTY 25TH JUNE

25 juin 2021

Ok after a good bull run BANKNIFTY is in a better and safe zone for all as if now banknifty currently is @35327 on FRIDAY 25th June 2021 on MONDAY it will be interesting to see where it gets open if banknifty is opening above 35700 lvl and breaking the days low we can expect a gap-filling move since a healthy trend don't leave gaps behind so gap filling will be happing if we open gap up is we open gap down which is not possible as if now since globals are having indecent stage as if now so massive gap down is rarely possible if we open FLAT which is having high probability we can see range-bound market depending on which range is been breached 1ST the market will show fairly decent move in that side on the upper side we are having a strong resistance zone coming which is 35550-35800 this zone belongs to writers not for option buyers so this would be my no trade zone after banknifty breaches the level of 35800 on a significant time frame the up coming levels would be 36500-37200-37700 (NOT INTRADDAY LEVELS ) so we can expect market can breach these lvl in coming weeks

I'll keep posting updates on this idea


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Disclaimer-I am not SEBI registered advisor. All views shared for educational purposes and should not be considered advice of any nature. Learn and Earn.