Nifty Bank IndexUpdated BANKNIFTY--43400 Acts as Resistance??
Observations:
------->> After Opening Gap down
--------->>BANKNIFTY again showing bullish pressure towards 43500, if 43360 level which is yesterday's Support if acts as resistance price is bearish again.
--------->>Go short :
If price breaks 43200 again, go short for targets of 43100,43050.
we have a demand zone @ 43000 may again acts as support.
---------->> Expiry may limit the price movement towards both side ,price is consolidates between 43500-43040 levels.
------->> After Opening Gap down
--------->>BANKNIFTY again showing bullish pressure towards 43500, if 43360 level which is yesterday's Support if acts as resistance price is bearish again.
--------->>Go short :
If price breaks 43200 again, go short for targets of 43100,43050.
we have a demand zone @ 43000 may again acts as support.
---------->> Expiry may limit the price movement towards both side ,price is consolidates between 43500-43040 levels.
Note
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.