Bank Nifty settled at 37491 – though day to day basis up 113 points but formed a bearish candle on the daily charts as the closing was lower than opening levels.
On the Down side:- Traders should slight cautious & wait for dips support 37222 & followed by 36950 -36800 to 36666. Daily RSI is 74 slight over bought stage & better strategy should be focus on dips.
On the upside:- Initial Resistance is at 37777 & then major 38000, where the highest open interest is built up on the Call side, and once breached, it will see a rally towards 38500.
For Traders Important levels are :-
R:- 37777—38000—38300—38555
S:- 37222—36950—36800—36666.
Please contact the below telephone nos for Demat and Trading Account Opening.
+91 98312 00699 / 82749 09974
For Opening DP and Trading Account online, please visit
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