Bank Nifty OUtlook 6th July 2022

6th July 2022

1. Bank Nifty Closed 33827 yesterday 5th July 2022. Made High of 34399.

2. Made exact reveral from 34400 resistance which was mentioned in yesterday Market Outlook Report.

Support Resistance
   
33700-770   		    
34200   
   
33400   		    
34400-500   
   
33200   		    
34900   

3. Yesterday Low 33762, High 34399

4. Daily Channel Range : 33400-34050

5. Weekly Range : 33400-34900

6. Level to watch is 33750-800. If remains above this level, it can go till 34200, than 400. If falls below 33750, than can fall till 33400, and 33200

7. Bank Nifty took Reversal yesterday from 34400. So todays day very important to decide the trend of Bank Nifty. But as far as today is concerned, trend seems to be negative. So, its Sell on Rise.

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