Note: Analysis content for education purpose only. Before investing do more research, consult your investors.
Bank Nifty
- Days Closing: 35527
- Gap Up Opening Resistance : 36000(I), 36250 (II)
- Gap Down Opening Support : 35250 (I), 34750 (II)
- No Trading Zone: 35426 to 35617 (Trade at breakout only)
- Pivot Resistance: 35875 (I), 36053(II), 36345(III) – for positive momentum
- Pivot Support: 35399(I), 35126(II), 34764(III) – for negative momentum
Nifty 50
- Days Closing: 17222
- Gap Up Opening Resistance : 17300(I), 17400(II)
- Gap Down Opening Support : 17100(I), 17000(II)
- No Trading Zone: 17269 to 17147 (Trade at breakout only)
- Pivot Resistance: 17296(I), 17389(II), 17446(III) – for positive momentum
- Pivot Support: 17147(I), 17054(II), 16933(III) – for negative momentum
- Key Observation: Market can stuck in range 17100 to 17200
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