Friday, March 28, 2025

BANKNIFTY OVERVIEW 28/3/2025

 



The image is a market analysis report from LKP Securities Ltd, providing an overview of the Bank Nifty index.

Key Points from the Report: LKP View (Market Analysis)

Bank Nifty closed with a bullish candlestick pattern, supported by a bullish RSI crossover (indicating upward momentum).

The index is trading significantly above its 10-day EMA (Exponential Moving Average), suggesting continued bullishness.

A buy-on-dip strategy is recommended for better risk-reward management.

Key Support & Resistance Levels:

Immediate support: 51,000

Resistance: 52,000

Positional support: 50,500

The trend remains bullish above 50,400.

Market Performance:

Bank Nifty: 51,576, up 0.72%

Bank Nifty Futures: 51,908, up 0.59%

Pre/Dis (Premium/Discount): +331.8 (indicating futures trading at a premium)

Daily Pivot Levels:

Resistance Levels (R1, R2): 51,180, 50,784

Pivot Point (PP): 51,447

Support Levels (S1, S2): 51,843, 52,111

Conclusion: The overall sentiment is bullish, but cautious trading is advised.

The buy-on-dip approach is recommended.

The key levels (support/resistance) should be monitored for trading decisions.

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NIFTY OVERVIEW

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