Nifty Bank IndexLong
BANK NIFTY - OBSERVATIONS - INTRESTING
IT IS INTRESTING TO NOTE THE MOVEMENT OF BN IN THE HOUR CHART.
DURING THE LAST TWO DAYS, THERE WAS A BIG RED CANDLE AND LATER ON THE INDEX ROSE TO THE HEIGHT OF THE CANDLE.
TODAY, THERE IS A NOT SO BIG BULLISH CANDLE AND THE HEIGHT WAS COVERED BY SELLING.
IN DAY CHART, THIS HAS TRANSLATED INTO A GRAVE STONE SORT OF DOJI. BUT, THE CLOSE IS ABOVE THE HIGH OF THE DOJI FORMED YESTERDAY.
THE INDEX HAS SUPPORT 31461.
ONCE THE INDEX TRADES ABOVE 31662, NEXT TARGET IS 32000.
BUY SIGNALS ARE IN THE HOUR AND DAY CHART.
DURING THE LAST TWO DAYS, THERE WAS A BIG RED CANDLE AND LATER ON THE INDEX ROSE TO THE HEIGHT OF THE CANDLE.
TODAY, THERE IS A NOT SO BIG BULLISH CANDLE AND THE HEIGHT WAS COVERED BY SELLING.
IN DAY CHART, THIS HAS TRANSLATED INTO A GRAVE STONE SORT OF DOJI. BUT, THE CLOSE IS ABOVE THE HIGH OF THE DOJI FORMED YESTERDAY.
THE INDEX HAS SUPPORT 31461.
ONCE THE INDEX TRADES ABOVE 31662, NEXT TARGET IS 32000.
BUY SIGNALS ARE IN THE HOUR AND DAY CHART.
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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.