The Biden administration criticized Beijing’s military drills near Taiwan this week as 'provocative,' insisting it will continue helping the government in Taipei defend itself.
BankNifty Spot View For: 27/12/2022
Cmp: 42630.15
Support & Downside Range: 42228---42000 zone, 41569
Resistance & Upside Range: 42865—42955.40 zone, 43275—43614.65
Short Term Trend Reversal Level: -- 43614.65
Bank Nifty Option Trading Tips Today
Trading View: Intraday bias remains strong till bank index trading above 42228—42200 spot levels and in such case bank bulls will try to move upside towards 42865—42955.40 spot zone but here 42955.40 acts as strong resistance and if bank bulls wants more extension than they need to break 42955.40 and sustain above it for 1hr and in such case bank nifty move gets extend upside till minimum 43275 and max 43614.65 levels whereas if bank index breaks 42228—42000 spot zone than we might see selling pressure to get intense in bank index.
BankNifty - Current Expiry - Critical Option Analytics Data |
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Strongest Support | Strengthening Support | PCR | MaxPain | Strengthening Resistance | Strongest Resistance |
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42000 | 42500 | 1.09645 | 42500 | 42800 | 43000 |