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nmcapital44

Banknifty chart setup for Monday 21/3

Nifty Bank Index (NSE:BANKNIFTY)  
nmcapital44  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY bankniftymonday bankniftylearning bankniftytrading bankniftylevels bankniftyoptions bankniftybuy bankniftysell
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trendanalysis chartpattern indicator banknifty bankniftymonday bankniftylearning bankniftytrading bankniftylevels bankniftyoptions bankniftybuy bankniftysell
In last 2 previous sessions there was huge gap up and it was total 1500 points move in just two days.

Based on above chart resistance is placed at 36700 followed by 37000
When banknifty will close above 37000 resistance further up move will open.

On the flip side 35880 will act as a support.
Breaking below 38500 we can see 35080 level near future.

How to trade banknifty on coming days?

Buy above 36720
Target 1 - 36880
Target 2 - 37050

Sell below 36200
Target 1 - 36000
Target 2 - 35880

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