Hii Traders π ,
Welcome to BANKNIFTY Futures and options analysis for friday
β½ Banknifty weekly pivot is at 37493
β½And monthly pivot is at 37328 briefly explained below I hope that it will help you, do like ,share , follow for more ...
π if we see day frame chart of BANKNIFTY currnetly trading above 50 Day , 100 Day moving averages
π Taking support at 21Day MA and good thing is closed above the 21DMA
π― Key levels to watch out for day trader
π Major resistance zone for BankNifty is at 37550-37650
β½ If market breakout resistance then we can see Target of 37900
β½ Whenever until breakout that resistance level don't trade
β½ Stop loss will be 37450
π Major support level for BankNifty
β½ Support level for nifty lies at 36950-36850
β½ Whenever until breakdown this level don't take a trade
β½ if Market successfully breakdown this level then we can take a trade
β½ And we can see the Target 1 will be 36650
β½STOP loss will be 37050
β½ Market will be indecisive between 37700-36900
πlevels for banknifty futures will be also same
β½Go long on banknifty Futures if it breakout the resistance
β½ Don't short the market until below the 37000
Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade
π TRADESHOTS
β½ Resistance level for CE buyers /option buyers is at 37550-37650
β½ support zone to buy PUT / PE is at 36850-37950
β½ BankNifty will be weaker below the 37300
β½ Banknifty weekly pivot is at 37493
β½And monthly pivot is at 37328
Thanks for reading π
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day π
Welcome to BANKNIFTY Futures and options analysis for friday
β½ Banknifty weekly pivot is at 37493
β½And monthly pivot is at 37328 briefly explained below I hope that it will help you, do like ,share , follow for more ...
π if we see day frame chart of BANKNIFTY currnetly trading above 50 Day , 100 Day moving averages
π Taking support at 21Day MA and good thing is closed above the 21DMA
π― Key levels to watch out for day trader
π Major resistance zone for BankNifty is at 37550-37650
β½ If market breakout resistance then we can see Target of 37900
β½ Whenever until breakout that resistance level don't trade
β½ Stop loss will be 37450
π Major support level for BankNifty
β½ Support level for nifty lies at 36950-36850
β½ Whenever until breakdown this level don't take a trade
β½ if Market successfully breakdown this level then we can take a trade
β½ And we can see the Target 1 will be 36650
β½STOP loss will be 37050
β½ Market will be indecisive between 37700-36900
πlevels for banknifty futures will be also same
β½Go long on banknifty Futures if it breakout the resistance
β½ Don't short the market until below the 37000
Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade
π TRADESHOTS
β½ Resistance level for CE buyers /option buyers is at 37550-37650
β½ support zone to buy PUT / PE is at 36850-37950
β½ BankNifty will be weaker below the 37300
β½ Banknifty weekly pivot is at 37493
β½And monthly pivot is at 37328
Thanks for reading π
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day π