Hello friends, welcome to my website, bhartiyesharemarket.com In today's article, we are going to tell you something that will be very special for you and today we will analyze Nifty 50 and Bank Nifty and tell about its support and resistance.
If you have read our previous article, then you must have got some help. So you have to read this article completely, only then you will get some help and understand something. So let's start this article without any delay.
Nifty Fifty Index
First of all, look at the screenshot given below and understand it by looking at it. Here in the screenshot, wherever you are seeing the support and resistance line, you must be able to understand it. So, you must be able to see that our market has closed at 22816 and you get to see the first support which is at 22 thousand 795 if our market breaks this support tomorrow, then you will get to see the second support which is at 22690 and if this support also breaks, then you will get to see a strong support which is seen at ₹ 22525. So, we have told about the support of Nifty Fifty here.
Now we talk about the resistance of Nifty Fifty. So, if you look at the upper side of the market, you will see a strong resistance at 22976. It will work as a strong resistance for you and if this resistance breaks super, then you will see a strong resistance here. A strong resistance is seen at 23000, more resistance will be seen above this as well but this is our only analysis for tomorrow.
Bank Nifty Index
Now, let us talk about the support resistance of Nifty Bank. Below, you will see another screenshot.
In this you will see some line drawn, so by looking at this you will also understand where you should see support and resistance, so in Bank Nifty you will be able to see that your Bank Nifty has closed at 48026, so just below 48026 you get to see a support at 47900 which is working like a strong support and if this support breaks then you will get to see another strong support below which is seen at 46360, below that also you will get to see a support which will be seen at ₹ 4680, now let us talk about the resistance, here at 48316 you get to see a resistance which is a small resistance and if this resistance breaks here on the upper side then you will see another resistance Which is seen at ₹ 4890 and if this resistance is also broken on the upper side, then you will see a strong resistance which will be seen at ₹ 49650, so this can work for you as support and resistance in Bank Nifty.
So in today's article, we told you where there can be supporter resistance in Bank Nifty and Nifty. So if you liked this article of ours, then you must share this article with your friends.