Bank Nifty Levels for 28July2022
Dear traders, I have identified Bank Nifty level based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
Today very sharp flag & pole pattern has really worked well. Honestly, it was difficult for me to believe it based on overnight OI data. Today morning, Bulls took over the controls to trap the Bears. However, final direction is likely to be based on today night outcome of US Fed meeting. Tomorrow morning only, we will get clarity whether today Bears got trapped or Bulls got trapped. Have a profitable day to everyone!
Bank Nifty OI Support & Resistance: 36000 (highest OI on PUT side)/36500 levels are likely to act as support levels on lower side. 37000 is likely to be challenged tomorrow on higher side. If Bank Nifty breaks out above 37000 level then we have second highest OI at 37500.
Today very sharp flag & pole pattern has really worked well. Honestly, it was difficult for me to believe it based on overnight OI data. Today morning, Bulls took over the controls to trap the Bears. However, final direction is likely to be based on today night outcome of US Fed meeting. Tomorrow morning only, we will get clarity whether today Bears got trapped or Bulls got trapped. Have a profitable day to everyone!
Bank Nifty OI Support & Resistance: 36000 (highest OI on PUT side)/36500 levels are likely to act as support levels on lower side. 37000 is likely to be challenged tomorrow on higher side. If Bank Nifty breaks out above 37000 level then we have second highest OI at 37500.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.