Bank Nifty Trade Idea for 2nd Feb
1. In the background of the Budget22, FII sold and bought almost same quantity with net sell off at -21 cr while DII bought +1597 Cr
2. BN saw 1200 point range. Not a day to trade for novice beginners.
3. BN reversed from 37700 level from 31Jan level.
4. BUY Zone Today BN has formed a BUY zone at 38050 level a Fib gloden Retracement level
5. BN Support Levels - watch the levels/ CPR in dotted lines marked for tomorrow
Support
38500 S1
38000 S2
37500 S3
Resistance
38700/800 R1
39200 R2
1. In the background of the Budget22, FII sold and bought almost same quantity with net sell off at -21 cr while DII bought +1597 Cr
2. BN saw 1200 point range. Not a day to trade for novice beginners.
3. BN reversed from 37700 level from 31Jan level.
4. BUY Zone Today BN has formed a BUY zone at 38050 level a Fib gloden Retracement level
5. BN Support Levels - watch the levels/ CPR in dotted lines marked for tomorrow
Support
38500 S1
38000 S2
37500 S3
Resistance
38700/800 R1
39200 R2