BANKNIFTY ANALYSIS FOR 08 APRIL 2022

BANKNIFTY ANALYSIS For 07-APRIL-2022 Live Intraday Calls, Predictions, And Market Analysis

As per current data and Nifty Future Suggest we may see a Gap Down or neutral to the negative opening upto 70-100 points on the 08 April 2022 opening session. In Banknifty also we can see a gap down opening of around 200-400 points.

What we have seen in the last two trading sessions is that Banknifty is facing strong resistance between 37850 - 38000 and 37393 is acting as strong support.

If Banknifty breaches Thursday's Low then we can see a further decline upto 36806 which is extremely strong support for Banknifty.

If the Price breaks 38008 resistance with a strong movement and price stay they for atleast 15 minutes then we can see a strong rally towards 38800

🤑🤑 TRADE SETUP FOR BANKNIFTY🤑🤑

👉SELL BANKNIFTY BELOW 37346 WITH STOPLOSS OF 37647 WITH TARGET 37215, 36998, 36806

👉BUY BANKNIFTY ABOVE 37705 WITH STOPLOSS OF 37317 AND TARGET 37950, 38424, 38424


✅ BANKNIFTY SUPPORT AND RESISTANCE LEVELS

SUPPORT 1 - 37393
SUPPORT 2 - 37215
SUPPORT 3 - 36998
SUPPORT 4 - 36808

RESISTANCE 1 - 37647
RESISTANCE 2 - 37877
RESISTANCE 3 - 38008
RESISTANCE 4 - 38224

#BANKNIFTYOPTIONS TO WATCH
13 APRIL 37200 PE
13 APRIL 37900 CE


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