BANK NIFTY
Important Levels for 04-01-2022.
A trending day and we can expect the prices to consolidate tomorrow inside a small range.
The levels marked can act as support and if we observe god volumes we can take longs with a 40-50 point SL and look for the next levels as targets.
If we start sustaining above 36700, we can look for targets of 36800,36900 and 36960.
We can avoid shorting unless we have a massive gap up.
Option data indicates 36500 to be a kind of resistance but if we sustain above it we can see another 500 point rally.
A trending day and we can expect the prices to consolidate tomorrow inside a small range.
The levels marked can act as support and if we observe god volumes we can take longs with a 40-50 point SL and look for the next levels as targets.
If we start sustaining above 36700, we can look for targets of 36800,36900 and 36960.
We can avoid shorting unless we have a massive gap up.
Option data indicates 36500 to be a kind of resistance but if we sustain above it we can see another 500 point rally.
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