banknifty oct futureswhen bank nifty will break above 38200 and stays above it for similar to 1/2 hour then we can say bullish ness is their how ever as per fiis buying in nifty and bannifty index futures is more so we see more upside tomorrow ....i have positive view after so many days . market is not going down.
Niftybank
Nifty Bank Key Trading levels for 17th Sept 2021
After 2 days of Continuous Upside move Bank nifty may remain Volatile or range bound for 17th Sept 2021
Key Support Zones
1st Support Zone 37712 to 37619
2nd Support zone 37452 to 37323
Key Resistance is 38000
Targets
Long
1st Target till 38000 ( 300 Points)
2nd Target 38600 incase of short covering rally
Short targets are till support zones
Disclaimer: These levels are purely based on Price action/demand and supply zones & Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor for before making trading decision.
Nifty Bank Key Support & Resistance for 14th Sept 2021 Support Levels
Immediate Major Support1 level 36543 to 36468
2nd Major Support level 36258 to 36159
Resistance Levels
Immediate Major Resistance level 36849 to 36921
2nd Major Resistance level 37104 to 37144
Long Targets :
Target 1 : 36747 ( 208 Points) from Support level
Target 2 : 36843 ( 303) from Support level
if close above support
Target 3 :36929.15 ( 215 Points) Break out 1st Major Resistance
Short Targets
Target 1: 36545 ( 298 Points) If Rejection from 1st resistance
Target 2: 36252 ( 200 Points) If breakdown from 1st Support
Disclaimer: These levels are purely based on Price action/demand and supply zones, Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation.
Please consult your Financial Advisor for before making trading decision.