Zones highlighted in pink denotes the support and resistance zones for taking Intraday trades. Also watch out for the blue trendline coming from upside.
My analysis is, if 39500 levels (Spot) is broken and sustained, we could move till next resistance levels of 40k. The above analysis is on the basis of price action and option chain data.
Furthmore, I see good support in #BankNifty at 39000 levels.
Zones highlighted in pink denotes the support and resistance zones for taking Intraday trades. Also watch out for the blue trendline coming from upside.
My analysis is, if 39500 levels (Spot) is broken and sustained, we could move till next resistance levels of 40k. The above analysis is on the basis of price action and option chain data.
Furthmore, I see good support in #BankNifty at 39000 levels.