BANKNIFTY Intraday Analysis 31122021 HAPPY NEW YEAR
1. Strong Resistance at 35400 and suport at 34900
2. Lot of POut and call writings done at these levels
3. If Gap down opens will follow Targets as shown adn Banking sector us is wekk will follow Target 2 and 3 in coming days
4. There is Hughe Demand at Green Boxes will not take BNF down from those levels Unless some Omicron Cases start rising in India
5. India Records 13000 Cases today and is 10% more than previous day , 16 Lakh cases all over the world , 4 lkh in USA highest at the peak , avg 7 dasy cases is around 8 lakh which is higher than last 10 days , Hospital rates % is reducing considering more mutation which are less severe
6. Lockdown May start sector which may be rising and leading In ESG is IT and Pharma is moving from Laggered to Improving , will analyse both in next few days , You can refer previous analysis in link provided
7. India may realise more cases in coming January first half
8. For intradayBank nifty consider the levels and Trade accordingly .
2. Lot of POut and call writings done at these levels
3. If Gap down opens will follow Targets as shown adn Banking sector us is wekk will follow Target 2 and 3 in coming days
4. There is Hughe Demand at Green Boxes will not take BNF down from those levels Unless some Omicron Cases start rising in India
5. India Records 13000 Cases today and is 10% more than previous day , 16 Lakh cases all over the world , 4 lkh in USA highest at the peak , avg 7 dasy cases is around 8 lakh which is higher than last 10 days , Hospital rates % is reducing considering more mutation which are less severe
6. Lockdown May start sector which may be rising and leading In ESG is IT and Pharma is moving from Laggered to Improving , will analyse both in next few days , You can refer previous analysis in link provided
7. India may realise more cases in coming January first half
8. For intradayBank nifty consider the levels and Trade accordingly .
