rbommi

Bank Nifty Understanding

NSE:BANKNIFTY   NIFTY BANK
Reconstructing 31-Jul Nifty

Based on the chart first 15min Candle - Strong Selling/Buying
Huge Wick - Indicates active participation by both seller and buyers
Didn't break previous day low in first 15mins
Day turned to range bound
Some buying last 15-30mins Indicates some interest in Bulls