November 30, 2024

+91 99390 80808

November 30, 2024

+91 99390 80808

HomeBank NiftyBank Nifty Trend : 04 MAY 2022

Bank Nifty Trend : 04 MAY 2022

Bank Nifty Future closed @ 36436 as on 02.05.2022..!!

Dear Traders,

Bank Nifty Future has resistance at 36272 – 36373 Point; above which other resistance levels are at 36404 – 36474 Point with highly Volatile Trend,

Bank Nifty Future has Downside support levels are at 36006 – 35808 Point; below 35808 Point, other support levels are at 35808 – 35606 Point.

I am positive for the next bullish trend only above @ 36474 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 @ 36474 Point, again then the upper side target is quite high and it may touch @ 36606 Point in the short term…!!

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