BANK NIFTY
Bank Nifty
Day : Friday
Date : 16 June 2023
What exactly happen with Bank Nifty today ??
After a very good for they before yesterday of almost 600 points , Bank Nifty started moving up taking 43500 as a good support. Today it opened gap up then started moving in upward direction make in higher high pattern with very small candles followed by dry volumes. First half was full of consolidation with little upward movement.
Later in the second half Bank Nifty gave a range break out at around 43800 and with the spike and volume Bank Nifty started moving up in a very Rapid speed and within 15 minutes it touched 44080 levels. Then again after 3:00 p.m. People started booking profit and it again came down to its original Breakout level.
Previous day high proves to be a good resistance level.
Day : Friday
Date : 16 June 2023
What exactly happen with Bank Nifty today ??
After a very good for they before yesterday of almost 600 points , Bank Nifty started moving up taking 43500 as a good support. Today it opened gap up then started moving in upward direction make in higher high pattern with very small candles followed by dry volumes. First half was full of consolidation with little upward movement.
Later in the second half Bank Nifty gave a range break out at around 43800 and with the spike and volume Bank Nifty started moving up in a very Rapid speed and within 15 minutes it touched 44080 levels. Then again after 3:00 p.m. People started booking profit and it again came down to its original Breakout level.
Previous day high proves to be a good resistance level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.