Saturday, February 5, 2022

BANKNIFTY OUTLOOK & SUPPORT RESISTENCE LEVEL FOR NEXT WEEK 7 FEB TO 11 FEB 2022

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The Nifty Bank index closed on a negative note on Friday. Shares of HDFC Bank up 0.57% ended the day as top gainers in the pack. On the other hand, AU Small Finance Bank down 2.68%, Punjab National Bank down 2.58 % RBLBANK down 2.54% Federal Bank down 2.08% and State Bank of India down 1.81% finished as the top losers of the day. The Nifty Bank index closed 0.57% down at 38789. Next week niftybank will be in bullish trend resistance for the next week will be 39191-38854 while the support will be 37759-38592. In the coming session banknifty will react on sbin result & RBI monetary policy 

Type

R1

R2

R3

PP

S1

S2

S3

Classic

39191

39592

39907

38876

38475

38,160

37759

Fibonacci

39150

39319

39592

38876

38603

38434

38160

Camarilla

38854

38920

38986

38876

38723

38658

38592

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