Nifty Bank Index
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BANKNIFTY Analysis

240
If Price opens above 40850-40900 level then look for selling Opportunity in the zone 41000-41200 ,
Don't go for buying.
Observation: All the BANKNIFTY Contributions are at Resistance level ...keep an eye on these levels.
Go Short for downside targets of 40500-40330 levels sharp fall may be happened.
Nota
Keep an eye at 41090-41160 level ....Strong Resistance
Nota
Look at the reaction at 40700-40720 level may Rise again...Previous Resistance May turned to Support.
Nota
Price is consolidation between 40950-40850...
wait for range to be broken and again comeback to the zone and if breaks 40950 go UP above 40950 .... IF 40850 Breaks and again comes back look for sell below 40850.

Penafian

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