HELLO TRADERS,
Here i'm going to update you about banknifty spot analysis for this week special for monday & tuesday.
In banknifty as we can see two situtation it all depend upon on tom opening.
Bullish lookout- As we can see banknifty closing on support level that is 31480-31520. So according to this situation if tom market will open gape up & take support of 31480 then we can see support will hold price and give bullish move. If support hold prices then it will be trend & triangle support also and upside move will be 32000-32050. if 32100 resistance level give us breakout then can see massive upside.
Bearish lookup- Massive support level is 31450-31400 if banknifty spot break this level so we can see breakout in banknifty spot cause it will give two type of breakout and that will be trend breakout & triangle breakout. if banknifty given us breakout then next support will be 31000-