BankNifty Spot View For: 08/09/2022
Cmp: 39455.90
Support & Downside Range: 39150—38981--38645
Resistance & Upside Range: 40073.75
Short Term Trend Reversal Level: -- 40073.75
Trading View : ahead of weekly expiry till we are trading above 39150 we may see range bound market by having small range 39150 to 39760 and bigger range 39150 to 40075, below 39150 selling pressure starts and above 40075 move in bank index gets extend towards 40200—40500 levels.
Nifty Spot View: 08/09/2022
Cmp: 17624.40
Support & Downside Range: 17460—17364--17266
Resistance & Upside Range: 17777.65---17995
Short Term Trend Reversal Level: -- 17995
Trading View : we are seeing extreme range bound market since last 5 trading session makret is stuck in range between 17401 downside and upside 17777.65 break of either side will get a next move above 17777.65 we may extend move towards 17820—17850 to 17900 zone and below 17401 we may see profit booking start in market.