bijoy2526

BANK NIFTY negative closing.

NSE:BANKNIFTY   NIFTY BANK
closes below 20 period moving average in hourly time frame.
unless it closes above 20 period moving average in hourly time frame
more down side may be possible.
for the time it appears to be negative only positive if it closes above 37340 prior green bar candle.
if it breaks down of the channel next support comes at 36000 around.
some short term correction seems to be going on.

Comments

great analysis sir you are the ultra legend in prediction
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bijoy2526 Harshaputtangoudaru
@Harshaputtangoudaru, thanks.not ultra legend smiles.
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@bijoy2526, no sir you are ..I have been watching regularly..you have view of tmrw
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Sir, Risk Reward not favoring Upside....some healthy correction is overdue...
Reply
bijoy2526 sajid11
@sajid11, yes I think some more corection possible.
Reply
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