A BRIEF NOTE ON CNX-BANK NIFTY-6.4.2026

 

CNX-BANK NIFTY

The important points for the month of April-2026 are 51433.90----51391.19---50275.35 & 50105.25 (it broke all the points intraday today and went lower but bounced back to close above all) please note that even if it sustains above any one point on the closing basis then the chances of up-move will be alive, but it is above all the points now, which is a positive sign therefore if it holds these points on the closing basis then it can extend the up-move. Moving up its possible broad target or resistance points could be at 52051—52546---53157—53308---54146—54467(for in-between resistance points see resistance table on the upside). But it is important to mention here that the overall technical setup is very weak therefore further fall is very much on the cards in coming days and the on-going up-move seems to be a pullback or relief rally only as of now and these rallies are treacherous in nature and can end abruptly, so be alert, cautious and watchful in the long trades.

Disclaimer:- I am not a SEBI registered technical analyst. The view expressed here are solely of the author and purely for the academic and educational purpose. This is in no way a trading or investment advice.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS. 

Note: Price stated here are of spot market. 

Thanks 

Narendra Kumar Surana

Mobile—8240951127/9831313654.

Email--- suranank@gmail.com