BankNifty Intrady Analysis
BankNifty on its top at market structure and RSI bearish divergence on hourly chart (Sign of early fall)
Support Zone: 37510-37570; Downside Target 36300
And further if it breaks 36220-36270; Next Downside Target 36000
Now if bearish divergence fails and it goes up then
Resistance Zone:36790-36850; Upside Target 37000
And further if it breaks 37000-37140; Upside Target 37415-37500
If these levels don't work out on Monday it will definitely work out on Tuesday
Support Zone: 37510-37570; Downside Target 36300
And further if it breaks 36220-36270; Next Downside Target 36000
Now if bearish divergence fails and it goes up then
Resistance Zone:36790-36850; Upside Target 37000
And further if it breaks 37000-37140; Upside Target 37415-37500
If these levels don't work out on Monday it will definitely work out on Tuesday
Penafian
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