Nifty and Bank Nifty Support Resistance Levels Today: From recent two days, We have seen slightly bearish to sideways movement in Nifty and Bank Nifty. In such movements , it becomes difficult for an option buyer to make profits. However, if you are a scalper, then you can book small points with heavy points to make some bucks.
Today, we will discuss some important levels of Nifty and Bank Nifty where you can find good trade opportunity to enter into a trade, so let’s get started.
Nifty Analysis & Important Levels
In Nifty, mark two levels of 19698 and 19773. If Nifty Opens slightly gap down and breaks this downside level of 19698, you can get into a bearish trade with a target of 19605.
And if market opensGap Up or flat and breaks the upside level of 19773, then go for CE side and the first target will be 19800 and second target will be 198222.
Also Read: 5 Tips For An Option Buyer to Minimize Losses & Become Profitable
Bank Nifty Analysis & Important Levels
The Breakout and Breakdown levels for Nifty Bank are 45736 and 45592. If market remains between these two levels then you can only do scalping and you will not good momentum in the market.
If market breaks the level any side, you can enter a trade for the next 70-100 points with a fixed SL of not more than 25 Points.
Note: Please note that these levels may not work in case of heavy Gap Up or Gap Down Scenario in the both indexes of Nifty and Nifty Bank.
