Bank Nifty Analysis for 19/11/2024
I expect Bank Nifty to open gap-up tomorrow. The level 50250 will play a crucial role in determining the market’s direction.
Support Levels
50250, 50150, 50050
Resistance Levels
50435, 50525, 50750
Trade Plan
1️⃣ Gap-Up Opening:
- Bank Nifty may face resistance near 50435 and 50525.
- If it sustains above 50525, we could see an upward move toward 50750.
2️⃣ Gap-Down Opening:
- In case of a gap-down opening, Bank Nifty is likely to take support near 50250.
- I’ll plan a long trade at 50250, looking for a bounce back.
💡 Note:
- These levels are derived from the Bank Nifty spot chart.
- Plot them on your chart for better clarity and planning.
