Lets discuss tomorrow Bank Nifty Prediction:
on 2 May 2023 Spot Nifty Bank Closed at 43233.90 (+ 0.54%)
Pivot Level : 43115.43
Support Level : 42996.97/ 42691.88
Resistance Level : 43420.52 / 43538.98
Scenario 1 :- If Bank Nifty break at the level 43300, go for call Option or Future buying with Strict Stop Loss of 43260 for target of 43540.
Scenario 2 :- If Bank Nifty breaks the level of 43082, go for put Option Buying or selling futures with Strict Stop Loss of 43120 for target of 42500.
Scenario 3 :- If Bank Nifty opens near level of 43540, go for put Option Buying or selling futures with Strict Stop Loss of 43540 for target of 43150 and this trade can be risky as well so maintain strict stop loss for this position.
on 2 May 2023 Spot Nifty Bank Closed at 43233.90 (+ 0.54%)
Pivot Level : 43115.43
Support Level : 42996.97/ 42691.88
Resistance Level : 43420.52 / 43538.98
Scenario 1 :- If Bank Nifty break at the level 43300, go for call Option or Future buying with Strict Stop Loss of 43260 for target of 43540.
Scenario 2 :- If Bank Nifty breaks the level of 43082, go for put Option Buying or selling futures with Strict Stop Loss of 43120 for target of 42500.
Scenario 3 :- If Bank Nifty opens near level of 43540, go for put Option Buying or selling futures with Strict Stop Loss of 43540 for target of 43150 and this trade can be risky as well so maintain strict stop loss for this position.
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