The bank Nifty has performed a directionless and a bit volatile movement in yesterday's trading.If you look at the bank Nifty for a month ago, it was continues to perform an intra-swing almost in all trading sessions.
With reference to the yesterday's trading session the bank Nifty has the following support and resistance levels for today's trading session.
Support: 17280,falling below this level may drag down bank Nifty to further downside.
Resistance: 17517,rising above this level may leads to a high of 17625 sub-levels.
The bankNifty is waiting for a move and this may be further accelerated by FED meet and its announcements towards rate hike.
So bankNifty traders are advised to adopt a suitable strategy for today's trading.
The bankNifty option traders can take up the following couple as:
17800CE+17000PE with suitable points with respect their individual risk levels.
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