Whenever a sustained bull rally is there, then a consolidation is very very important. Time correction is also very important.Bank nifty is consolidating from last 6 days. 35500 is a really good base for bank nifty which is acting as a major support level according to the charts and option chain data as well. So the probability of bank nifty breaking this level is very less as of now.
On the higher side, 36500 is a major resistance level for bank nifty according to charts and option chain data. Once 36500 level is broken, BN will give a really good rally upto 37000 and above levels.
On the higher side, 36500 is a major resistance level for bank nifty according to charts and option chain data. Once 36500 level is broken, BN will give a really good rally upto 37000 and above levels.