Bank Nifty Analysis for 25-04-2024
BankNifty is still trading within the range of 47900 and 48250 for past two days. It is well know here that 48250 is acting as a major resistance. We can expect a bullish move only if BankNifty sustains above 48250. There is no change in the Support & Resistance levels.
If BankNifty sustains above the resistance of 48250 we can expect a upward movement to above resistance levels
Below are the resistance levels to watch
If BNF moves downward and breaks the major support at 47900. We can expect a next support at 47700.
Below are the support levels to watch
If BankNifty sustains above the resistance of 48250 we can expect a upward movement to above resistance levels
Below are the resistance levels to watch
- Resistance 1 48550
- Resistance 2 49000
If BNF moves downward and breaks the major support at 47900. We can expect a next support at 47700.
Below are the support levels to watch
- Support 1 47700
- Support 2 46600
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