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BankNifty Trading Tips for Wednesday

BankNifty Spot View For: 07/09/2022
Cmp: 39666.50
Support & Downside Range: 39150—38981--38645
Resistance & Upside Range: 40073.75

Short Term Trend Reversal Level: -- 40073.75
Trading View : In today’s gap down if bank index able to break 39150 spot and sustain below it for 30 mins to 1hr then we may see more intraday selling till minimum 38981 and max 38645 spot levels, whereas if 39150 spot holds then we may see range bound day in market and we may see bounce towards 39400—39500 in bank index.

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