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virralthakkaar
Jul 27, 2021 2:10 PM

Bank Nifty Futures Long

BANKNIFTY INDEX FUTURESNSE

Description

Bank Nifty Futures

Support: 34555
Resistance: 35200

Bank Nifty is clearly range bound. It tested the upper and the lower levels today and closed with a bullish reversal (check the round highlights) on the candle as well as RSI. Even the volume is quite prominent at the end.

All the dots match to indicate that we may see an upmove this week.

35200 is a very strong resistance and can be treated as a breakout level.
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