raghavs1ngh

BANKNIFTY Monthly Analysis for April 2019

raghavs1ngh Updated   
NSE:BANKNIFTY   Nifty Bank Index
CPR and Third Layer of Camarilla Pivots are wider than previous month's -> Sideways market(likely)

Short @ R1/H3 and Long @ CPR/L3

Dotted layers can be used for reference for sideways market.

BANKNIFTY also opened withing H3 and L3, indicating a likely ranging market b/w H3 and L3.

If H4/L4 is breached and sustained, H5/L5 should be the target.
Comment:
Near CPR, may touch L3.

Most likely reversal back to H1/H2
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.