Bank Nifty spot opened at 24495.20 , made a high of 24496.20 , it made a low of 24121.55 , before closing at 24237.25 .
Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24350 can test 24260 - 24235 and on sustaining below it we can see a further test of 24155 - 24070 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24525 we can see a test of 24615 - 24640 initially and breaking and sustaining above it we can see a further move till 24720 - 24810 next . " , Bank Nifty initially gave a gap up till 24496.20 which was good opportunity to take fresh shorts as upmove was to begin above 24525 and it made a low of 24121.55 within our lower support zone of 24155 - 24070 before closing at 24237.25 . Now in the coming session Bank Nifty breaking and sustaining below 24160 can test 24075 - 24050 and on sustaining below it we can see a further test of 23980 - 23900 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24315 we can see a test of 24400 - 24425 initially and breaking and sustaining above it we can see a further move till 24495 - 24575 next .
Bank Nifty Spot Levels for the day are
Long above 24315 for 24365 – 24425 – 24575 , SL 24215
Short below 24160 for 24110 – 24050 – 23900 , SL 24260
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