Post
š„ Expiry + FII Buying ā Wild Move Ahead? Bank Nifty Levels for 17th July!
Bank Nifty Spot Analysis ā 17/07/2025
Opening Outlook
Expecting a gap-up opening, driven by:
FII buying in Bank Nifty
Mixed global market sentiments
Key Levels (Spot)
Resistance:
ā¤ 57200
ā¤ 57400 (above which short covering may trigger toward 57700)
Support:
ā¤ 57120
ā¤ 56900
ā¤ 56600 ā further down to 56400
Trade Plan
š¼ If Gap-Up Opening:
Wait for Bank Nifty to sustain above 57200 for ~15 mins ā¤ Then go long targeting: 57400 ā 57700 ā¤ Above 57400 ā sharp short covering rally, especially with Nifty expiry
š¼ If Gap-Down Opening:
Wait for 56900 support ā¤ If it holds, plan a long trade targeting 57200 ā¤ If it trades below 56900 for ~10ā15 mins, initiate short trade targeting 56600 ā 56400
ā
Final Note
Expiry + FII activity + key levels could trigger a big move on either side
Trade only on confirmation at crucial levels & avoid overtrading in volatility
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Jul 16 9:47 PM
Ā Ā· Ā View Votes
IDX:NIFTY BANK price when posted: 57,168.95
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