November 14, 2024

+91 99390 80808

November 14, 2024

+91 99390 80808

HomeBank NiftyBank Nifty Trend : 17 April 2023

Bank Nifty Trend : 17 April 2023

Bank Nifty Future closed @ 42189 as on 13.04.2023..!!

Dear Traders,

Bank Nifty Future has resistance at 42270 – 42373 Point; above which other resistance levels are at 42404 – 42676 Point with highly Volatile Trend,

Bank Nifty Future has Downside support levels are at 42008 – 41880 Point; below 41880 Point, other support levels are at 41676 – 41606 Point.

I am positive for the next bullish trend only above @ 42676 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 @ 42676 Point, again then the upper side target is quite high and it may touch @ 42808 Point in the short term...!!


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