September 22, 2024

+91 99390 80808

September 22, 2024

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HomeBank NiftyBank Nifty Trend : 07 November 2023

Bank Nifty Trend : 07 November 2023

Date – 07.11.2023

Bank Nifty Future closed @ 43855 as on 06.11.2023..!!

Dear Traders,

Bank Nifty Future has resistance @ 43939 – 44008 Point; above which other resistance levels are @ 44107 – 44202 Point with highly Volatile Trend,

Bank Nifty Future has Downside support levels are @ 43808 – 43676 Point; below 43676 Point, other support levels are @ 43606 – 43474 Point.

We are positive for the next bullish trend only above @ 44202 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 @ 44202 Point, again then the upper side target is quite high and it may touch @ 44272 Point in the short term…!!

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