Outlook of Bank Nifty Today

Bank Nifty finally negated its formation of lower highs – lower lows after five consecutive trading sessions and formed a bullish engulfing candle on the daily scale. The index closed at 28,110.45, up 408.40 points and formed bullish candle on daily scale.”Immediate support for Nifty Bank is coming near 27,850-27,600 zone and resistance is coming near 28,350-28,500 zone,” Gaurav Bissa, AVP Derivatives & Technicals at LKP Securities, said.

Bank Nifty Future Support-Resistance
R1/R2 28442/28547
S1/S2 28242/28090

Daily Chart:

chart.PNG

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