Momentum in Bank Nifty? Check Bank Nifty simple analysis
Todays gap up opening gave hint of momentum and later or bank nifty proved with bullish momentum after 2 hours of bearish flow.
45600 is still a acting as major support for buyers holding it from falling. Also pushed Bank nifty to safer zone but still unable to beat 46000 resistance.
Post Analysis
Arc shape recovery in BN gives a clear hint of bullishness in bank nifty but still tomorrow opening will be deciding factor for confirmation. To be strong on bullish side still 46000 need to beat by bank nifty.
On bearish side sellers tried multiple times to break support of 45600 which makes it weaker to break. Also its trading below trend line.
Support : 45600,45300,45000
Resistance : 46000,46300,46600
Note : Do your own analysis before making any trade or investment decesion.
45600 is still a acting as major support for buyers holding it from falling. Also pushed Bank nifty to safer zone but still unable to beat 46000 resistance.
Post Analysis
Arc shape recovery in BN gives a clear hint of bullishness in bank nifty but still tomorrow opening will be deciding factor for confirmation. To be strong on bullish side still 46000 need to beat by bank nifty.
On bearish side sellers tried multiple times to break support of 45600 which makes it weaker to break. Also its trading below trend line.
Support : 45600,45300,45000
Resistance : 46000,46300,46600
Note : Do your own analysis before making any trade or investment decesion.