Key levels for Bank Nifty

Updated

Here, I have provided key levels for Bank Nifty. These can act as support or resistance. Since we have volatility contraction (sideways all day) today, we can expect big move in any direction in next trading day(21st April 2022).

Disclaimer: This is for educational purpose only. Any buy or sell is not recommended. Please do paper trading before entering into market.

Note

Today (21st April 2022), we can clearly see in 5 mins time frame that bank nifty struggled near 36665.85 level and finally breakout happened. Now this level will act as support.

Next level of resistance after 36965 - 37000 range is 37200 - 37270.

Also there is a trend line above this level.

Please check my YouTube channel for daily analysis. Link is in my profile.

Disclaimer: This is for educational purpose only. Any buy or sell is not recommended. Please do paper trading before entering into market.

mknvrajashekar

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