Nifty Bank IndexLong
Banknifty View : Intraday Levels for 1st July 2021 WEEKLY EXPIRY
Overview: Bank Nifty opened flat, took support exactly at our mentioned levels of 34893 and started to trade upside, later in 2nd half market fell sharply after testing the resistance zone and due to the European market fall BNF corrected to 34750 levels.
As below 35000 levels, we must have got a very good shorting opportunity.
Banknifty resistance level: 34893/35076
Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1PM we can have a very good movement on range breakout.
Banknifty Support level: 34629/34443
If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support.
It will then continue to get 2nd level of support so trade with caution.
If you like my daily analysis then do like and comment your opinion and see how my levels are working /playing in the intraday scenarios, this will motivate me to bring more such analysis.
As below 35000 levels, we must have got a very good shorting opportunity.
Banknifty resistance level: 34893/35076
Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1PM we can have a very good movement on range breakout.
Banknifty Support level: 34629/34443
If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support.
It will then continue to get 2nd level of support so trade with caution.
If you like my daily analysis then do like and comment your opinion and see how my levels are working /playing in the intraday scenarios, this will motivate me to bring more such analysis.
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