Bank Nifty Future closed @ 39705 as on 08.11.2021..!!
Dear Traders,
Bank Nifty Future has resistance at 39808 – 39930 Point; above which other resistance levels are at 40044 – 40104 Point with highly Volatile Trend,
Bank Nifty Future has Downside support levels are at 39575 – 39404 Point; below 39404 Point, other support levels are at 39272 – 39190 Point.
I am positive for the next bullish trend only above @ 40044 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 @ 40044 Point, again then the upper side target is quite high and it may touch @ 40104 Point in the short term...!!
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