Bank Nifty Analysis for 22-04-2024
BNF is trading near the one hour timeframe support of 46600. As mentioned in my previous analysis, BNF took the support of 46600 zone and reversed. If BNF sustains below 46600 we can expect a further fall till its immediate support.
If BNF moves upward we will have a immediate resistance of 47750.
Below are the resistance levels to watch
If BNF moves downward and breaks the major support at 46600. We can expect a fall till 46000.
Below are the support levels to watch
If BNF moves upward we will have a immediate resistance of 47750.
Below are the resistance levels to watch
- Resistance 1 47750
- Resistance 2 48250
- Resistance 3 49000
If BNF moves downward and breaks the major support at 46600. We can expect a fall till 46000.
Below are the support levels to watch
- Support 1 46000
- Support 2 46000
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