Bank Nifty Trend Analysis for Monday 25-July-2022 | Trading Bank Nifty on Monday 25-July-2022

  Algo signals that the Bank Nifty is strongly bullish. However, we need to be little cautious as bank nifty is at overbought zone. if the bank nifty falls below 35887, then there is a possibility of correction ahead of fed event. Given below are the bank nifty level including support and resistance and also demand and supply. 

NIFTY BANK Outlook for 25-July-2022

• NIFTY BANK is strongly bullish
• NIFTY BANK sentiment positive and trending. Overall direction upside
• if NIFTY BANK breaks above the supply zone (Supply Zone: 36331.70 - 36821.42), Rally starts. Target 36948.18 and 37153.35
  If NIFTY BANK crossed above 37034.36, then it may touch 37282.75
• Closing Price: 36738.95 (537.95)
• Supply Zone: 36331.70 - 36821.42
• Demand Zone: 35887.35 - 36411.08
• Resistances: 36821.42, 36948.18, 37153.35
  Supports: 36411.08, 36284.32, 36079.15

Note: for NIFTYor Bank NIFTY, Double confirm the Sentiment with VIX. If VIX sentiment is negative, it will ignore the negative sentiment and vice versa.

Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.