BankNifty Analysis 26/5/2021 Day View

2021年5月25日

Hello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!

As predicted in previous analysis, BnkNifty was in Down Trend and Sideways .

BankNifty to Open Neutral/Small Gap Up .... Tomorrow ...!

Resistance Level :
1. 35000 is immediate Strongest Resistance level .
3. Good resistance exists at 35500 and Strong Resistance is developing from 35000 to 35500.

Support Level :
1. 34500 is Strong Support level.
2. 34000 is next Good Support Level .

Important Note :
1. You saw a good Upward Rally from 32400 to 34500, as shown by Black Arrow.
2. The most imp part on 24th, at the end of the day we saw a Doji Candel .. What does it means ? ... A Trend Change ...
3. Today we saw a downfall as predicted yesterday, with Bearish Engulfing Candel .. What does that mean now ? ... A DownFall ..as we already saw.

One suggestion, don't just jump into the trading immediately as soon as the market Opens, Wait for atleast 5-15 min.

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