subhagghosh

#banknifty analysis for 12th April:-

NSE:BANKNIFTY   NIFTY BANK
#banknifty analysis for 12th April:-

Decision Zone:- 32,560 - 32,650

Resistance Zone:- 32,830 / 32,950 / 33,250 / 33,512 / 33,700 / 33,990

Support:- 32,400 / 32,100 / 31,750 - 31,850 / 29,700

There is lots of information in the analysis:- Just need to watch with open eyes and post on comments what you see.


The index might take support from the long trend line , approx area 31,700 +- 200 points.

Comments

Thank you
+1 Reply
Thanks sir
+1 Reply
Great Boss
+1 Reply
nice exp...
+1 Reply
Major support area highlighted has been breached today by big margin. Let's where it takes us.
Reply
@Poison_1907 breached and direct fall
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It's OK but 0.746 in PRZ is not a valid level, 0.618 or 0.786 should be considered. 32842 is a important support once its gone then big fall may come. Also, since more than a month index isin complex correction WXYXZ, that's why we are seeing falls breakout and breakdown.
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nice
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