Nifty may take support at 16200 and face strong resistance at 16300. If 16300 is broken then the next level to watch out for is 16400. On the downside if 16200 is broken, next major resistance will be in 16100.
Bank nifty bounced from demand zone
* Not expecting V shape recovery as nifty is at resistance zone once again
*Another short pull back and bounce can activate buyers
*Nifty bank has more potential upside then nifty
AS PER ANALYSIS , I FOUND THAT THE SUPPORT IS 35500 AND RESISTANCE IS 36000 [
BANK NIFTY MAY BULLISH ON 14TH JULY,
TRADER SHOULD WAIT TILL 35500 TO 35550 , AND THAN BUY BEFORE THIS DON'T TAKE BUY POSITION,
IF GAP UP THAN WAIT TILL 36000 FOR SHORT POSITON.
FOR GETTING LIVE SIGNAL CONTRACT ME 9811158705
banknifty keeping sl @ 35900 short around 35600-800 for trg of 34400
Nifty too breaks 15490 then a bounce around 15520 short @ it with sl @ 15600 trg 15100-15000
1-Doji candle at the top
2- Market in over bought zone
Sign of downtrend
short if bearish confirmation candles form:-
Some profit booking is expected :- so trade accordingly
Nifty formed three black crows means starting of reversal. Breaking the rising channel and staying below 14200 leads to 13800 levels. And staying below 13800 may leads to 13200 levels.. this is all positional view..
Note :- POST IS JUST FOR LEARNING PURPOSE ONLY BEFORE TAKING ANY TRADE DO YOUR OWN RESEARCH OR CONSULT YOUR FINANCIAL ADVISOR.
HAPPY TRADING 🙏🏻
Levels are marked and the boxes are significant turning points for Bank Nifty. Price may stall or struggle at the boxes. Lines above the price act as significant resistances and below the price act as supports.
