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BANKNIFTY: Critical price levels for WC 31/1/2021

NSE:BANKNIFTY   Nifty Bank Index


NIFTY traded at two trading zones in last week's trading session, indicated in 30 minutes price chart, and I expect to see these levels active again next week,

The first active zone was at 34455.20 support and 34956.65 resistance.

The second active zone was at 34956.65 support and 35458.10 resistance.

NIFTY will need to break and hold above 35458.10 to continue to the next zone at 35458.10 and 35959.22.

Failure to hold above 34956.65 could drop and retest the 3455.20 support line.

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