BANKNIFTY ANALYSIS FOR 06 APRIL 2022

BANKNIFTY ANALYSIS For 06-APRIL-2022 Live Intraday Calls, Predictions, And Market Analysis

It's expected that we may see a Gap Down or Neutral to the negative opening on 06 April 2022 opening session, if we see a Gap down and if Banknifty breaches 37900 level and at least trades for 30mins then we can easily see further decline up to 37200 and 36800 by Thursday or Friday.

If we see a neutral to positive or a Gap up opening then we should wait for the price to break the 38424 level but make sure the breakout should be a strong breakout with good volume and at least price hold above 38424 for 30 mins them on later half we can see a movement till 39000.

🤑🤑 TRADE SETUP FOR BANKNIFTY🤑🤑

👉BUY BANKNIFTY ABOVE 38424 WITH STOPLOSS OF 37950 AND TARGET 39000, 39254

👉SELL BANKNIFTY BELOW 37900 WITH STOPLOSS OF 38353 WITH TARGET 37647 AND 37393 and 37215

✅ BANKNIFTY SUPPORT AND RESISTANCE LEVELS

SUPPORT 1 - 37900
SUPPORT 2 - 37647
SUPPORT 3 - 37393
SUPPORT 4 - 37215

RESISTANCE 1 - 38224
RESISTANCE 2 - 38424
RESISTANCE 3 - 38800

#BANKNIFTYOPTIONS TO WATCH
07 APRIL 37800 PE
07 APRIL 38300 CE


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