BANK NIFTY
Important Levels for 07-01-2022.
A highly volatile session with wild moves in both sides.
Tomorrow, if we open flat or with a small gap down and sustain above the support zone of 37450-37550, we can take longs with a SL of 50-60 points and look for targets of 37700,37800 and 37950. The SL needs to be trailed aggressively as 37800-37980 will act as a strong resistance.
If we open with a gap up and see -ve price action at 37800-37950 level then we can take shorts with SL of 50-60 point and aim for targets of 37550,37450 and 37300.
We can expect tomorrow to be a sideways day within the range of 37300-37900.
A highly volatile session with wild moves in both sides.
Tomorrow, if we open flat or with a small gap down and sustain above the support zone of 37450-37550, we can take longs with a SL of 50-60 points and look for targets of 37700,37800 and 37950. The SL needs to be trailed aggressively as 37800-37980 will act as a strong resistance.
If we open with a gap up and see -ve price action at 37800-37950 level then we can take shorts with SL of 50-60 point and aim for targets of 37550,37450 and 37300.
We can expect tomorrow to be a sideways day within the range of 37300-37900.
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