BANKNIFTY Levels for Tuesday ❓

4 de out. de 2021

Hii Traders 😊 ,

Welcome to BANKNIFTY Futures and options analysis for friday

◽ Banknifty weekly pivot is at 37500

◽And monthly pivot is at 37326 ,( intraday levels were explained below I hope that it will help a lot , do like ,share , follow for more ... )

🛑 if we see day frame chart of BANKNIFTY currnetly trading above 21Day , 50 Day , 100 Day moving averages

🛑 Taking support at 21Day MA and good thing is closed above the 21DMA


🎯 Key levels to watch out for day trader

🛑 Major resistance zone for BankNifty is at 37850-37900

◽ If market breakout resistance then we can see Target of 38150

◽ Whenever until breakout that resistance level don't trade

◽ Stop loss will be 37750

◽If gap down or slight gap up happens then 37790-37820 will be resistance zone


🛑 Major support level for BankNifty

◽ Support level for nifty lies at 37200-37100 (which day pivot control region)

◽ Whenever until breakdown this level don't take a trade

◽ if Market successfully breakdown this level then we can take a trade

◽ And we can see the Target 1 will be 36900

◽STOP loss will be 37300

◽ Market will be indecisive between 37300-37900


🛑levels for banknifty futures will be also same

◽Go long on banknifty Futures if it breakout the resistance ie. 37950-38050

◽ Don't short the market until below the 37300

Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade

🛑 TRADESHOTS

◽ Resistance level for CE buyers /option buyers is at 37850-37900

◽ support zone to buy PUT / PE is at 37200-37100

◽ BankNifty will be weaker below the 37500

◽ Banknifty weekly pivot is at 37500

◽And monthly pivot is at 37328


Thanks for reading 😊

I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it

If you like it do follow for more and give reputation which will boost mine confidence to do more.

have a nice day 😊