BankNifty Potential Reversal Zone EOD

As discussed in last report that Nifty may face PRZ 8550.

Nifty taken Resistance from 8550 and support before 8460 yesterday.

Now for Next Resistance to cross nifty should sustain above 8550.

Intraday support-8510/8500

posistional support -8470

Resistance-8585/8625/8700

BankNifty>>>

As discussed 11th july report click here that lower level target was 18300/18450

and Higher level target was 19200.BN almost achieved 18450.

What Next?

Now BN may face PRZ(Potential Reversal Zone) of 18850-18950 to cross for

Traget of 19100/19250.

Intraday Support-18750

Positional support-18600

Resistance-18850-18950(PRZ)/19100/19250


PRZ (Potential Reversal Zone) ,doesn't mean that Nifty/BN Reversal from PRZ.

It may or may not be.It is just a cluster Resistance Zone.

Note-The above is my personal view for Educational Purpose Only.Read Disclaimer.