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Bank Nifty Trading View for Day

BankNifty Spot View For: 05/08/2022
Cmp: 37755
Support & Downside Range: 37520—37240—37000---36700
Resistance & Upside Range: 38200—38620—38906—39180 zone

Bank Nifty Trading View

Short Term Trend Reversal Level: -- 
Trading View: Bank index has gone weak since last 2 days and yesterday it gave close below 20HEMA and hourly rsi has also gone in selling mode so it's interesting to watch how bank index acts after RBI policy, key support to watch in bank index is 37520 break below we may see selling pressure starts again whereas upside key rest to watch is 38200 spot levels, break above either will get fresh breakout or breakdown.

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