Bank Nifty Analysis for 13/11/2024
I'm expecting Bank Nifty to open gapdown due to weak global sentiment and continued FII selling pressure.
Support:
51000/50650/50480
Resistance:
51400/51640/51900
Trade Plan:
Gapdown Opening Below 51000: Immediate support at 50650. If Bank Nifty breaks below 50650, we could see a move towards 50480.
Gapup Opening: Resistance at 51400. If it reaches this level, I will look to short Bank Nifty.
Note: These levels have been calculated precisely. Plot them on your chart and trade as per the plan.
