BANK NIFTY 20 DEC Analysis
Bank nifty making a range of 43080 to 43450. It may be a neutral zone for a bank nifty. Also trading near the range of 500 moving average, 15 min timeframe.
Tomorrow if bank nifty open in this neutral zone & after some time in uptrend if it break 43450 level then you may see 43600 - 43800 level.
But at every higher level you may see a selling pressure. 43800 it's a strong resistance for bank nifty.
In downtrend if it break 43080 level then you can see a shorting & it will take bank nifty to 42950- 42850 level.
In gap up & gap down you must have to wait for price action or pattern.
Summary
When open in neutral zone & after breaking.
Long above 43450 :- 43600 - 43800
Short below 43080 :- 42950- 42850
Tomorrow if bank nifty open in this neutral zone & after some time in uptrend if it break 43450 level then you may see 43600 - 43800 level.
But at every higher level you may see a selling pressure. 43800 it's a strong resistance for bank nifty.
In downtrend if it break 43080 level then you can see a shorting & it will take bank nifty to 42950- 42850 level.
In gap up & gap down you must have to wait for price action or pattern.
Summary
When open in neutral zone & after breaking.
Long above 43450 :- 43600 - 43800
Short below 43080 :- 42950- 42850
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