Bank Nifty OUtlook 15th Jly 2022

15th July 2022

1. Bank Nifty Closed 34720 yesterday 14th July 2022. Made High of 35091, and low of 34623

2. Today overall sentiments are positive, considering Asian markets and US futures. Although Yesterday Bank Nifty closed 0.5% lower yesterday, but HDFC and ICICI Bank ADRs still went up by more than 0.5% in US markets.

3. FIIs bought 309 cr yesterday in cash market, which is after long time FIIS started buying.

4. Bank Nifty is looking more bullish than Nifty, so today market is Buy on Dips. Any dip should be bought.

   
Support   		    
Resistance   
   
34750   		    
35050   
   
34600   		    
35150   
   
   		    
35350   
   
   		    
35500   

5. Yesterday Low 34623, High 34720

6. Daily Channel Range : 33620-35150

7. Weekly Range : 33900-35500

8. Level to watch is 35050. If remains above this level, it can go till 35150, than 35350 and 35500. If falls below 35050, than can fall till 34750

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