Bank Nifty Future closed @ 37218 as on 16.02.2021..!!
Bank Nifty Future has resistance at 37303 – 37373 Point;
above which other resistance levels are at 37474 – 37606 Point
with highly Volatile Trend,
Bank Nifty Future has Downside support levels are at 37007
– 36888 Point; below 36808
Point, other support levels are at 36676 – 36505 Point.
I am positive for the next bullish trend only above @ 37606 Point
but be with the trend. Let the market decide further moves.
As we are saying from many days, Buying is suggested in falls
only…and it’s still a better strategy in the given Scenario…!!!
Regarding Long term positions, it is preferable to remain
cautious now…!!
If Bank Nifty Future crosses @ 37606 Point, again then the upper side target is quite high and it may touch @ 37770 Point in the short term…!!
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