Bank Nifty analysis for montly expiry Jan 2022
Bank Nifty seems to be at top area of monthly resistance, coming down weekly it doesent seem much weaness is there, hence on daily frame too nifty seems to standing at little resistance zone .
Thus, coming on intraday,
Bank Nifty has an immediate resistance on 37700-37800 zones, with a conformatory of a trend line break followed since yesterday, hence would should plan long on the break of this 100 point zone resistance only if it sustains above 800, and should short on the break of support.
Personaly expecting a tredny move in 1st half, and a premium eating expiry so far.
Have a great expiry
Thus, coming on intraday,
Bank Nifty has an immediate resistance on 37700-37800 zones, with a conformatory of a trend line break followed since yesterday, hence would should plan long on the break of this 100 point zone resistance only if it sustains above 800, and should short on the break of support.
Personaly expecting a tredny move in 1st half, and a premium eating expiry so far.
Have a great expiry
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