BANKNIFTY TECHNICAL ANALYSIS 15 JULY EXPIRY
Hello Friends..
Hope you had a good Trading in the last session.. Friends what we observed in the last bank nifty trading session is that market opened with a gap down and break its previous day high which is a strong resistance of 35800 and took reversal from there and finally closed at 35668.
Now as we all know 15th July 2021 is a weekly expiry day so be cautious while taking any position because as we seen 35800 is a strong resistance zone.. Upside move only possible if bank nifty break this resistance of 35800 with higher volume and sustain above it. Currently bank nifty is in a range zone and in uptrend only. If Bank nifty trading below 35600 then we can see a downfall up to 35244. if trading in positive trend above 35650 then it may give a upside move up to 36025.
IMPORTANT LEVELS:
RESISTANCE 1: 35800
RESISTANCE 2: 36025
SUPPORT1: 35445
SUPPORT2: 35244
Happy Trading..
If you like our analysis kindly like, share and follow to motivate us...
Disclaimer:-We are not SEBI Registered Advisors. Though, All efforts have been made to compile inputs after detailed research. Please do your own research, and consult your financial advisors before investing!
Hope you had a good Trading in the last session.. Friends what we observed in the last bank nifty trading session is that market opened with a gap down and break its previous day high which is a strong resistance of 35800 and took reversal from there and finally closed at 35668.
Now as we all know 15th July 2021 is a weekly expiry day so be cautious while taking any position because as we seen 35800 is a strong resistance zone.. Upside move only possible if bank nifty break this resistance of 35800 with higher volume and sustain above it. Currently bank nifty is in a range zone and in uptrend only. If Bank nifty trading below 35600 then we can see a downfall up to 35244. if trading in positive trend above 35650 then it may give a upside move up to 36025.
IMPORTANT LEVELS:
RESISTANCE 1: 35800
RESISTANCE 2: 36025
SUPPORT1: 35445
SUPPORT2: 35244
Happy Trading..
If you like our analysis kindly like, share and follow to motivate us...
Disclaimer:-We are not SEBI Registered Advisors. Though, All efforts have been made to compile inputs after detailed research. Please do your own research, and consult your financial advisors before investing!
Trade closed: target reached:
High 35985...