Important support & Resistance levels marked for Bank Nifty .
Kindly use these levels only as Entry & Exit when market trades near these levels and is taking support or facing resistance.
BN managed to close above resistance of 36850, In case, of gap-up opening above R1. We have R2 to R4 on the charts. We have few major supports on the down side. So any support will S1, will create buying opportunity.
In Nifty, on the upside, we have major resistance of of 17430, which BN might help to break. Post, that there will be rally till 18k.
On the down-side below S1, correction will start in both BN & Nifty.
Trade with the trend only. Don't go against trend. Remember, "Trend is your friend, until it bends".
Kindly use these levels only as Entry & Exit when market trades near these levels and is taking support or facing resistance.
BN managed to close above resistance of 36850, In case, of gap-up opening above R1. We have R2 to R4 on the charts. We have few major supports on the down side. So any support will S1, will create buying opportunity.
In Nifty, on the upside, we have major resistance of of 17430, which BN might help to break. Post, that there will be rally till 18k.
On the down-side below S1, correction will start in both BN & Nifty.
Trade with the trend only. Don't go against trend. Remember, "Trend is your friend, until it bends".