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BANKNIFTY Update 22. 02. 2021

Hello traders!

Hope you all having a great weekend. I have been up during the weekend trying to find some interesting charts and analysis. The banknifty index has been at a very confusing yet and interesting zone. Monitoring the above index chart we have been trying to touch down near previous weeks consolidation zone. There seems to be no admissible reason for me to short from here. So what am I gonna do next? Well I will stay patient and look for opportunities to create a favorable bullish spread around support zone.

BANKNIFTY Resistance Zone - 36430.980/36136.290

Support Zone - 35546.910/35252.220