BANKNIFTY SUPPORT & RESISTANCE
BANKNIFTY is a popular index futures contract in India, tracking the performance of the banking sector. Here are some key levels to keep an eye on:
**Support Levels:**
1. 29,500 (strong support level)
2. 29,200 (medium support level)
3. 28,800 (minor support level)
**Resistance Levels:**
1. 30,300 (strong resistance level)
2. 30,500 (medium resistance level)
3. 31,000 (major resistance level)
**Key Levels:**
1. 30,000 (psychological barrier)
2. 29,000 (previous high and a significant level)
3. 28,000 (previous low and a key level to watch)
**Trading Range:**
BANKNIFTY has been trading in a range of 28,000-31,000 for some time now. A breakout above 31,000 could be bullish, while a breakdown below 28,000 could be bearish.
**Intraday Levels:**
1. 9:30 AM IST: 30,100
2. 11:30 AM IST: 30,200
3. 2:00 PM IST: 30,250
**Support Levels:**
1. 29,500 (strong support level)
2. 29,200 (medium support level)
3. 28,800 (minor support level)
**Resistance Levels:**
1. 30,300 (strong resistance level)
2. 30,500 (medium resistance level)
3. 31,000 (major resistance level)
**Key Levels:**
1. 30,000 (psychological barrier)
2. 29,000 (previous high and a significant level)
3. 28,000 (previous low and a key level to watch)
**Trading Range:**
BANKNIFTY has been trading in a range of 28,000-31,000 for some time now. A breakout above 31,000 could be bullish, while a breakdown below 28,000 could be bearish.
**Intraday Levels:**
1. 9:30 AM IST: 30,100
2. 11:30 AM IST: 30,200
3. 2:00 PM IST: 30,250
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( Contact Number - +91 76782 40962 )
(Mail - Empirecrowntrade@gmail.com)
(Telegram - @Empirecrowntrade)
(whats app code - wa.link/tjaycw )
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