Cmp: 42506.20
Support & Downside Range: 42366--42234
Resistance & Upside Range: 42835—43085--43435
Short Term Trend Reversal Level: --
Trading View: In today's trading session key level to watch is 42835 spot levels if bank nifty mange to sustain above it for 30 mins to 1 hr than we may see immediate upside move towards 43085-43435 spot zone, whereas if 42835 unable to hold than we may retest once again 42600 zone for cooling off on this gap up.
Trade accurately using our bank nifty trading startegy for Monday and be a part of the winnning team.
The Bank Nifty index is a stock market index that comprises of the largest publicly traded banks in India listed on the National Stock Exchange of India (NSE). The index is calculated using free float market capitalization weighted methodology, where the level of the index reflects the total market value of all the stocks in the index relative to a particular base period. The index is updated every 15 seconds during the trading hours and the value of the index changes based on the performance of the underlying companies and market conditions. The Bank Nifty index is widely used to gauge the performance of the Indian banking sector and is considered to be a barometer of the Indian banking industry. To summarize, Bank Nifty is a stock market index that comprises of the largest publicly traded banks in India listed on the National Stock Exchange of India (NSE) and it's updated every 30 sec during trading hours.
Monday trading strategies for the Bank Nifty index can vary depending on an individual trader's risk tolerance and investment goals.
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