Nifty Bank IndexShort
Bank Nifty Analysis!!!
As US bank are performing worse since the '08.
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There can be very much possible it can affect indian markets too.
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First there is a Bearish Divergence on Weekly timeframe between RSI andBANKNIFTY Price.
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With the help of Fixed Range volume profile there is much trading happened at the level of 35000 rupees.
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Fib Retracement level of 38.2 is around 34000.
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Anchored VWAP Which is genrally calculated from last crash in market which was '20 Crash is showing support around 32300.
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According to Theory of Mean reversion 200 EMA on weekly time frame is at 34300 and on 1Day it is at 40600.
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BankNifty is one of the main force which is the reason for the rally in
NIFTY .
.
.
There can be very much possible it can affect indian markets too.
.
.
First there is a Bearish Divergence on Weekly timeframe between RSI and
BANKNIFTY Price..
.
With the help of Fixed Range volume profile there is much trading happened at the level of 35000 rupees.
.
.
Fib Retracement level of 38.2 is around 34000.
.
.
Anchored VWAP Which is genrally calculated from last crash in market which was '20 Crash is showing support around 32300.
.
.
According to Theory of Mean reversion 200 EMA on weekly time frame is at 34300 and on 1Day it is at 40600.
.
.
BankNifty is one of the main force which is the reason for the rally in
NIFTY .
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