November 29, 2024

+91 99390 80808

November 29, 2024

+91 99390 80808

HomeBank NiftyBank Nifty Trend : 04 FEBRUARY 2022

Bank Nifty Trend : 04 FEBRUARY 2022

Bank Nifty Future closed @ 38920 as on 03.02.2022..!!

Dear Traders,

Bank Nifty Future has resistance at 39090 – 39170 Point; above which other resistance levels are at 39272 – 39390 Point with highly Volatile Trend,

Bank Nifty Future has Downside support levels are at 38880 – 38808 Point; below 38808 Point, other support levels are at 38676 – 38606 Point.

I am positive for the next bullish trend only above @ 39390 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 @ 39390 Point, again then the upper side target is quite high and it may touch @ 39474 Point in the short term...!!

 

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