BankNifty 05 January 2022

Good Morning,

My today BankNifty view...Please watch levels. If anyone takes a trade-in index, then book a small profit as per digestion. Be cautious in Index trade. 

Remember:

1. The market is supreme.
2. My view is also wrong.

Still, My same opinion if you have patience then...focus on the cash stocks market...7-15 day's hold and book good and safe profit.

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BankNifty:

BankNifty...Same...Giving Surprises...Where breakout/breakdown.....so wait...😅😅😅 for a perfect level. 

Today's important level is 36450-36500 on the downside and the upper side is 37125. 

If gap-up then avoid the trade and focus on the equity side. 

Strong Support now 36500

Strong Resistance 37000 levels. If break these levels and sustain above 37000 levels then the next resistance is 37500-37800 levels.

Current week PCR: 1.42