Nifty Bank IndexShort
NIFTY AND BANK NIFTY ANALYSIS FOR 18 NOV 2022
18 Nov 2022 2115 Hrs
1. US Indices as of 2115 Hrs has gap down and trading inred.
2. Asia is down by 1-1.5% .
3. SGX Nifty is indicating 35 points down @ 18353. That amounts to 42300 Levels on Bank Nifty.
4. HDFC twins are consolidating and is neutral to bearish.
5. ICICI Bank is bullish and may support the bank nifty.
6. Reliance is bearish but above 20 SMA.
7. Bank Nifty and Nifty has broken the two day range.
Verdict.
1. Bank Nifty has strong resistance at 42450 and support at 42400. Any Break of these levels can be bought and sold respectively.
2. Nifty is below 18360 which is the crucial pivot level. Nifty can be sold on any rally.
3. However The same cannot be applied to Bank Nifty .
I AM NOT A SEBI REGISTERED TRADER. PLEASE USE THIS INFO TO ENHANCE YOUR DECISION MAKING.
1. US Indices as of 2115 Hrs has gap down and trading inred.
2. Asia is down by 1-1.5% .
3. SGX Nifty is indicating 35 points down @ 18353. That amounts to 42300 Levels on Bank Nifty.
4. HDFC twins are consolidating and is neutral to bearish.
5. ICICI Bank is bullish and may support the bank nifty.
6. Reliance is bearish but above 20 SMA.
7. Bank Nifty and Nifty has broken the two day range.
Verdict.
1. Bank Nifty has strong resistance at 42450 and support at 42400. Any Break of these levels can be bought and sold respectively.
2. Nifty is below 18360 which is the crucial pivot level. Nifty can be sold on any rally.
3. However The same cannot be applied to Bank Nifty .
I AM NOT A SEBI REGISTERED TRADER. PLEASE USE THIS INFO TO ENHANCE YOUR DECISION MAKING.
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