January 30, 2025

+91 99390 80808

January 30, 2025

+91 99390 80808

HomeBank NiftyBank Nifty Trend : 16 November 2023

Bank Nifty Trend : 16 November 2023

Date – 16.11.2023

Bank Nifty Future closed @ 44412 as on 15.11.2023..!!

Dear Traders,

Bank Nifty Future has resistance @ 44474 – 44606 Point; above which other resistance levels are @ 44676 – 44808 Point with highly Volatile Trend,

Bank Nifty Future has Downside support levels are @ 44303 – 44232 Point; below 44232 Point, other support levels are @ 44180 – 44008 Point.

We are positive for the next bullish trend only above @ 44676 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 @ 44676 Point, again then the upper side target is quite high and it may touch @ 44808 Point in the short term…!!

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