#Bank NIfty 32000 or 39000 above - Check complete analysis

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Hey good morning everybody,
I hope everybody is doing fine. Today analysis of Bank Nifty Levels for Coming Expiry. there is a lot of pessimism in the market and people are expecting a crash to 32,000 levels due to the global scenario. Therefore I thought I should make a video to explain what are the levels for bank nifty and what is going to happen in the coming weeks.
We will try to analyse, where they expected expiry would be for the April month. I will cover everything in a deliberate manner for those of you who are new understand. i will be marking the levels and I will try to show you how to mark the support and resistance levels on a chart. Bank nifty closed at 37500 levels on Wednesday.
Now without wasting any time lets analyse the chart of bank nifty. What are the levels and how to mark and identify the support and resistance levels on the chart. I am teaching this purposely so that you don’t miss out and make mistakes …So here is the rule or FS concept (Five Steps concept) for marking the support and resistance on any chart. Please Read these rules carefully and try to remember them.
FIVE Steps (FS) Concept Practical Training
Step 1 : Time Frame - Select Chart To Time Frame You Trade and Analyze – Daily / TWO Hour – PREFER HIGH Time Frame always for analysis and take a top down approach for analysis. Like daily then 4 Hours time frame and then 1 Hour Time frame thereafter take entry on a lower time frame.
Step 2 : Candles - Get More Candles On Chart. Get minimum 250 to 300 candles on the chart. Drag Chart to Centre
Step 3 : Major – Identify Major Highs and Lows on the chart and mark them.
Step 4 : Connect MAJOR Highs and Lows with Minimum Of 2 Highs(RESISTANCE) OR LOWS(SUPPORT) To Max With A Horizontal Line
Step 5 : Adjust Line (Max Price Action Incorporated) Hits. Give more importance to the recent price action.

Our analysis after marking the chart
Now when we have marked the levels on the chart lets analyse it. Bank nifty as per the charts is on strong demand zone / support zone of 37500 levels. If we now Put Ichimoku Kinko Hyo (Our Favorite and Accurate Indicator) then you can see That the price Candle is resting on the Tenkan Sen on the Daily Time. Also Considering the price, It is above the location of the cloud. Cloud in Ichimoku Kinko Hyo forms the heart of the system. Since price is above the cloud and support at 37500 levels. We consider that if Bank nifty gives any opening above 37600 levels on MONDAY 18 April 15, 2022 will be very bullish for the targets of 38100 / 38300 . Also, As per Results of HDFC bank are concerned. We are expecting a stellar results of HDFC BANK which will be declared shortly. So this will add to the bullish momentum of bank nifty.

so now by the above analysis Levels to watch for in bank nifty are 37500 which is strong support zone and till we remain above this we will hit a target of 39,000 by April expiry. Yes we are very bullish as far as bank nifty is concerned.

Only If 37400 Breaks then bears will take control of the trade and Bank Nifty may slide to 36600 levels. Hope you have liked this and understood the levels in bank nifty. if you have any questions do put them in the comment box I will try to answer those questions and reply back as soon as possible thank you.
God Bless You
Dagangan ditutup: sasaran tercapai
target reached in bank nifty as we broke 37400 and hit low of 36 k
thanks
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