BANKNIFTY ANALYSIS FOR 11-02-2022 AND UPCOMING SESSION

10. Feb. 2022

Bull have taken over the market and All the PUT Buyer was got trapped on this expiry for time decay issue. As we have see BankNifty was taken resistance at 39130-39176 level. Now 39000 is further trend deciding level for BankNifty. I am expecting tomorrow side ways market. BankNifty may consolidate between 300 Points zone, safe player may enter on breaking the level given on chart on either side. on the Downside 38500 is Support. Risky player can do scalping trade between the given range. We will take take trade according as per Fresh Data and Price Action. Overall Bull is n action. :)

BankNifty PCR: 0.92