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Nifty Bank Index

BANKNIFTY ANALYSIS FOR 08-12-2021

Oleh FNOSURE
We have seen Good Momentum in BankNifty driven by ICICI Bank and Kotak Bank. Now 36500 is actin as major Support Level With New Short buildup at 36500 level and Long Addition on 37000+ level. If Bank Nifty Cross 37000 level We can see Huge and Good momentum again. First Resistance Would be 36800 and then 37000 Where some profit Booking Can bee seen or retrace can be done. View will be for Upside as per Current Option Chain Data. BankNifty needs to sustain above 37000 sentimental level for Strong Bull Phase :)
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