Bank Nifty Tip
BankNifty Spot View For: 29/07/2022
Cmp: 37378.45
Support & Downside Range: 37000
Resistance & Upside Range: 37700—38060--38619
Short Term Trend Reversal Level: -- downside 33000
Trading View: Intraday bias remains buy on dips till bank index trading above 37000 spot levels any dip near 37250—37300 is a good buying chance by keeping stop loss below 37000 whereas in todays gap up market key level to watch is 37700—38060 zone .
This 360 points zone is strong resistane and if bank bulls unable to cross and sustain above it for 1 hr then we may see profit booking dip in bank index whereas if it able to cross 38060 and sustain then we may open for another big rally till 38619 in bank index so understand the importance of 38060 spot levels here.
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