Hello Traders, Following are my analysis: Resistance Level : 1. Good Resistance Zone exists at 35300-35400 and 35700-800. 2. Strongest Resistance at 36000 . 3. Stronger Resistance at 35500. 4. New immediate Resistance is 35300 * Increasing resistance above 35500.
Support Level : 1. 35000 is Strongest Support Level . 2. 34500 is a Strong Support. 3. 34700-800 is Good Support Zone .
Sideways Possibility: More Sideways above 35300 to 35500 , if market sustains above 35200
No Trade Zone : 35200 - 35300
*Imp Point: Sell below Trend Line and at reversal from Resistance level shown.
This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis and do share with your friends as well.
Also I think Bnk nifty components hav crossed strong resistance levels viz HDFC ...Axis ...Sbi
As well as over selling already in Bnak nifty will act as booster for bank nifty to touch 35900 by Wednesday
As well as over selling already in Bnak nifty will act as booster for bank nifty to touch 35900 by Wednesday