Overview: Banknifty opened on a range of support and resistance levels of yesterday and faced support of 34730 levels and bounced to test our level of 34893, It was the same movement as the day before yesterday hence the levels are intact.
Again we have range in the market as the movements are not that great either due to illiquidity or volatility.
Banknifty resistance level: 34893/35076
Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1 PM we can have a very good movement on range breakout.
Banknifty Support level: 34629/34443
If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support.
It will then continue to get 2nd level of support so trade with caution.
Again we have range in the market as the movements are not that great either due to illiquidity or volatility.
Banknifty resistance level: 34893/35076
Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1 PM we can have a very good movement on range breakout.
Banknifty Support level: 34629/34443
If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support.
It will then continue to get 2nd level of support so trade with caution.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.