Bank Nifty Analysis for 04/11/2024
For tomorrow, I’m anticipating a gap-up opening in Bank Nifty. The 51650 level will be crucial not only for tomorrow but potentially for the entire week.
Key Levels to Monitor:
Resistance: 52200, 52500
Support: 51650, 51150, 50850
Trade Strategy:
Given the high probability of a gap-up, if Bank Nifty sustains above 51650, expect further moves toward resistance levels.
Conversely, if Bank Nifty trades below 51650 for 15 minutes, it will signal a clear short trade opportunity targeting the support levels.
Note: Due to limited data, these levels may vary slightly. Please conduct your own analysis before executing trades.
