will Bank nifty break 35000?

2021年2月23日

Where is the smart money deployed 35500 CE, 35000 PE?

IV majorly 30’s in between 35000 - 36000 CE, 25-28 between 35000 - 36000 PE

Spot price → 35116, Futures Feb → 35148, Futures Mar → 35218
Current price structure bearish and took huge rejection from 35600 and 35350 this was a gap on the bull run and also seems like bnf is trying to breach 35000 level but failed to breach as this zone is the demand zone

BNF Next key levels S1- 34870, S2 - 34260, R1- 35350, R2 - 35574, R3 - 35862
BNF RSI - 1hr taking support 30, daily broke 60 level could see as a negative sign, Weekly RSI 70

SBIN key levels → CMP - 395.6, Support - 385/6, Resistance - 400/1

HDFC Bank → CMP - 1529.15, Support - 1500, Resistance - 1540
Broke important level 1540 previous supports on 1hr trend and supporting at 1525 in intraday
Could see price moving down till 1500 and retrace back a short recovery, if not recovery 1465-1470, 1440 next downside

Kotak Bank → CMP - 1872.95, Support - 1840, Resistance - 1900
Heavy profit booking gaped up 1965 to 1865
Could see some more profit booking and then a short recovery

ICICI Bank → CMP - 616.30, Support - 610, Resistance - 620/22, 638
If price breaks downside psychological levels should be the support zone, 600, 590,570/60
ICICI bank looks better as it didn’t break the important support zone yet but stay cautioned

Axis Bank → CMP - 715.95, Support - 715,691/3, Resistance - 725, 736
At important support level