November 27, 2024

+91 99390 80808

November 27, 2024

+91 99390 80808

HomeBank NiftyBank Nifty Trend : 06 July 2021

Bank Nifty Trend : 06 July 2021

Bank Nifty Future closed @ 35336 as on 05.07.2021..!!

Dear Traders,

Bank Nifty Future has resistance at 35474 – 35606 Point; above which other resistance levels are at 35676 – 35808 Point with highly Volatile Trend,

Bank Nifty Future has Downside support levels are at 35170 – 35008 Point; below 35008 Point, other support levels are at 34939 – 34808 Point.

I am positive for the next bullish trend only above @ 35808 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 @ 35808 Point, again then the upper side target is quite high and it may touch @ 36006 Point in the short term...!!

 

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