Bank Nifty spot opened at 24080.60 , made a high of 24127.45 , it made a low of 23852.65 , before closing at 23974.45.
Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 23865 can test 23790 - 23770 and on sustaining below it we can see a further test of 23705 - 23635 next . Similarly in the coming session Bank Nifty breaking and sustaining above 24010 we can see a test of 24085 - 24105 initially and breaking and sustaining above it we can see a further move till 24165 - 24240 next . " , and we saw Bank Nifty make a high of 24127.45 just above our first resistance and reversed to make a low of 23852.65 just below our shorting level and reversed immediately . Now in the coming session Bank Nifty breaking and sustaining below 23905 can test 23835 - 23815 and on sustaining below it we can see a further test of 23755 - 23685 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24045 we can see a test of 24115 - 24135 initially and breaking and sustaining above it we can see a further move till 24195 - 24265 next .Once all daily targets get achieved then we should follow the weekly levels given for further targets.
Bank Nifty Spot Levels for the day are
Long above 24045 for 24085 – 24135 – 24265 , SL 23955
Short below 23905 for 23865 – 23815 – 23685 , SL 23995
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