Nifty Bank Index
Short

BANKNIFTY Analysis for 2nd May, 2025

43
M15 chart currently running in corrective mode. Because, 5 mins timeframe showing CHoCH & continuously making BOS in down trend. So, we will look for short sell opportunity. Now we have to wait for inducement(55230) or another it can make lower low again and then grab the last pullback to take the sell entry.

So, now two levels are there to take the entry for short sell (1) above the liquidity ($$$) zone (>55273 level)
(2) The best option to wait for coming back the price at supply zone.

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