BANKNIFTY TECHNICAL ANALYSIS 16 July 2021
Hello Friends..
Hope you all had a great trading experience in the expiry day today...
Today we broke up the strong resistance of 35800 and gave close above it around 35901..
Now What next on 16th July Friday..?
Friends ..what we observed is that after breakout market were in a range of (35800 - 35985) till market closed ..
Friends If this range broken tomorrow any of the side may give a movement up to 300-400 points easily..
Currently Bank nifty is in uptrend only..
Buy above 35833 for the Target 1 and 2. Stop loss: 35800.
Sell Below 35800 TARGET : Support 1 and 2. Stop loss: 35840.
Important Levels:
RESISTANCE 1: 36055
RSISTANCE 2 : 36194
SUPPORT 1: 35684
SUPPORT 2: 35332
Disclaimer:-We are not SEBI Registered Advisors. Though, All efforts have been made to compile inputs after detailed research. Please do your own research, and consult your financial advisors before investing! ...
Hope you all had a great trading experience in the expiry day today...
Today we broke up the strong resistance of 35800 and gave close above it around 35901..
Now What next on 16th July Friday..?
Friends ..what we observed is that after breakout market were in a range of (35800 - 35985) till market closed ..
Friends If this range broken tomorrow any of the side may give a movement up to 300-400 points easily..
Currently Bank nifty is in uptrend only..
Buy above 35833 for the Target 1 and 2. Stop loss: 35800.
Sell Below 35800 TARGET : Support 1 and 2. Stop loss: 35840.
Important Levels:
RESISTANCE 1: 36055
RSISTANCE 2 : 36194
SUPPORT 1: 35684
SUPPORT 2: 35332
Disclaimer:-We are not SEBI Registered Advisors. Though, All efforts have been made to compile inputs after detailed research. Please do your own research, and consult your financial advisors before investing! ...
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