BANKNIFTY Trading Close To An Important Zone
It closed above the trendline, We can expect a short bounce in BANKNIFTY on Monday.
39900 to 40000 is a strong support zone as you can see in the image, there's a 200 EMA at 39950 and a pivot close to this range.
A good zone to look for buying opportunities in the index.
The blue zones are zones where the index can bounce or break down in the coming week.
I'm Expecting a bounce back to 43500 to 43650 in the coming week.
For more details refer to the image.
If you have any queries comment below.
Happy Trading !
It closed above the trendline, We can expect a short bounce in BANKNIFTY on Monday.
39900 to 40000 is a strong support zone as you can see in the image, there's a 200 EMA at 39950 and a pivot close to this range.
A good zone to look for buying opportunities in the index.
The blue zones are zones where the index can bounce or break down in the coming week.
I'm Expecting a bounce back to 43500 to 43650 in the coming week.
For more details refer to the image.
If you have any queries comment below.
Happy Trading !