BANK NIFTY
Important levels for 15-06-2021.
Strong low formed at 34450 levels, highly unlikely to be breached in this expiry.
Will prefer to take longs if 35100 levels are sustained for targets of 35370, 35535 and 35630.
Price sustaining above 35850 levels will make Bank Nifty super bullish. But with massive call additions at 35500, 35630 level in futures can act as resistance.
Short positions can be taken looking at price action tomorrow but now shorting below 34700 looks safe.
Strong low formed at 34450 levels, highly unlikely to be breached in this expiry.
Will prefer to take longs if 35100 levels are sustained for targets of 35370, 35535 and 35630.
Price sustaining above 35850 levels will make Bank Nifty super bullish. But with massive call additions at 35500, 35630 level in futures can act as resistance.
Short positions can be taken looking at price action tomorrow but now shorting below 34700 looks safe.
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