Bank Nifty Future closed @ 38361 as on 17.01.2022..!!
Dear Traders,
Bank Nifty Future has resistance at 38404 – 38474 Point; above which other resistance levels are at 38606 – 38676 Point with highly Volatile Trend,
Bank Nifty Future has Downside support levels are at 38303 – 38188 Point; below 38188 Point, other support levels are at 38088 – 38008 Point.
I am positive for the next bullish trend only above @ 38606 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 @ 38606 Point, again then the upper side target is quite high and it may touch @ 38676 Point in the short term...!!
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