Indian stock market is going to open with a positive bias and this bias is backed by global markets. Thus we expect the market to be giving a positive opening with positive closing and on the higher side.
BankNifty Spot View For: 08/07/2022
Cmp: 34920
Support & Downside Range: 34635—34540 zone, 34330--34100
Resistance & Upside Range: 35545--36315
Short Term Trend Reversal Level: -- downside 33000
Trading View: Intraday trading bias remains buy on dips till bank index is trading above 34330—34100 spot levels any dip in zone around 34540 is a good buying chance by keeping stop loss below 34100 whereas upside immediate rest placed at 35545 this levels should work as strong rest for next couple of days as bank index has given strong up move so too cool of the RSI 35545 should act as strong rest so if we see bank index to come near this zone one should take profit once and wait for small pull back for next entry to play 36315 targets.
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