Bank Nifty analysis 11/25
37800 Level will be acting as a strong resistance and 36900 will be as strong support for next two to three trading session. The range of 700-800 points is very risky to trade in options as ahead of expiry.
Global cues are mixed and SGX Nifty indicating flat opening, so can expect Bank nifty to move within range levels.
ALl banks are in selling zones so 36900 level will be tested and breaking of that level will lead to heavy selling.
esistance R2-38500
Resitance R1 -38100
Range -36900~37700
Support S1 - 36900
Support S2 -36200
Global cues are mixed and SGX Nifty indicating flat opening, so can expect Bank nifty to move within range levels.
ALl banks are in selling zones so 36900 level will be tested and breaking of that level will lead to heavy selling.
esistance R2-38500
Resitance R1 -38100
Range -36900~37700
Support S1 - 36900
Support S2 -36200
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