Bank Nifty Outlook
There are two Zones in Bank Nifty: 1: 30600 to 31250
2: 31250 to 31750
Long Side:-
If Bank Nifty will sustain above 31050 then it may test 31200-31300.
31200 to 31300 is a no-trade zone because maybe profit booking may come @ this level. But if it will manage to sustain above 31250 to 31300 then it may test 31450-31500 levels.
Short Side:-
30900 to 31050 is no trade zone.
Sustaining Below 30850 Bank Nifty may test 30650-30600 levels.
2: 31250 to 31750
Long Side:-
If Bank Nifty will sustain above 31050 then it may test 31200-31300.
31200 to 31300 is a no-trade zone because maybe profit booking may come @ this level. But if it will manage to sustain above 31250 to 31300 then it may test 31450-31500 levels.
Short Side:-
30900 to 31050 is no trade zone.
Sustaining Below 30850 Bank Nifty may test 30650-30600 levels.
Penafian
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