Swapilchoksi

Bank Nifty: Demand and Supply zones on Daily Chart

NSE:BANKNIFTY   Nifty Bank Index

Bank Nifty closed near its demand zone @ 19350-19500. It also took the support of the trendline.

On the upper side major supply zone @ 21400-21500.

In any case if Bank Nifty will break and sustain below 19350 zones then another 800-1000 points downside range will open and may test its next demand zone @ 18500-18750.

tgram a t swapniltradingroom

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.