Bank nifty trade for Budget.
Need to check BN opening
if open Range above today's high then it will move between 40500 to 41000 and in 2nd half either side good move.
if Open range below 40400 and sustain and hover in between 40400 to 39980 then in 2nd half either upside or down side we get good move.
this is just my view and for education purpose only.
so...
Bank nifty has closed just the 50 ema on daily timeframe and tge Resisitance of 36375.
(market close @ 36348)
On hourly time frame the market seems bullish and have crossed 200 ema.
Todays levels
Support :- 35950-36000, 35630, 35500
Resistance :- 36375, 36650, 37000.
Market may consolidate today as the market moved violently in last trading day.
Today was a positive day for #nifty, but #banknifty slowed down and moved very choppily in a narrow range. The HDFC triplets (HDFC Bank, HDFC, HDFCAMC) saw some weakness today.
Banknifty is kissing the 50MA on the hourly chart and is at RSI 50, but Nifty is well above both those levels.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty:...
