BankNifty Prediction for Tomorrow, Tuesday, Feb 21,2023

BankNifty Prediction for Tomorrow- BankNifty has broker the 500 points range today on the downside, It breached 41,000 and made low of 40,580 today. Today market was bearish from morning where it could not sustain ablove previous close and gradually fell more than 1.2% intraday and managed to close at 40,700 levels.

BankNifty Prediction for Tomorrow- BankNifty technical analysis and levels for next day are updated everyday after the market closes. You can use the levels for learning and backtesting purposes. These levels are based on support & resistance can be used to exit & take an entry. Major support & resistance levels are reversal levels where the market may turnaround, hence can be used for entry & exit for paper trading as well.

Summary

BankNifty has broken the 500 points range today on the downside, It breached 41,000 and made low of 40,580 today. Today market was bearish from morning where it could not sustain above previous close and gradually fell more than 1.2% intraday and managed to close at 40,700 levels.

If we see Volatility Index, VIX has moved higher from 13.09 to 13.38 rising 2.22% on Monday. As per VIX, we expect a slight gap Up/Down Opening on Tuesday. We are slightly bearish on bank nifty and see following important levels for Tuesday Feb, 21, 2023.

Particulars BankNifty Levels
Resistance - R3
41466
Resistance - R2
41330
Resistance - R1
41905
Previous Close
40,701
Support - S1
40580
Support - S2
40134
Support - S3
39802
MADHUP KULSHRESTHA
MADHUP KULSHRESTHA
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