while nifty is trading well above 20 dma
bank nifty has closed below it today.
bank nifty range is 258 which is quite low.
and atr(14) is now 380 which is lowest in post covid period.
if it breaks today's low its chance of slipping to 38.6 percent
of this upmove is there.
all depends on the out come of fomc meeting .
Hawkish comment by rbi in no way helped it.
any adverse from US counterpart may impact bank nifty.
if we see last 12 days we have red candles in 10 days.
indicating negative sentiment in bank nifty.
today's high and low important.
if this post helps you like my post.
follow me to get updates.
bank nifty has closed below it today.
bank nifty range is 258 which is quite low.
and atr(14) is now 380 which is lowest in post covid period.
if it breaks today's low its chance of slipping to 38.6 percent
of this upmove is there.
all depends on the out come of fomc meeting .
Hawkish comment by rbi in no way helped it.
any adverse from US counterpart may impact bank nifty.
if we see last 12 days we have red candles in 10 days.
indicating negative sentiment in bank nifty.
today's high and low important.
if this post helps you like my post.
follow me to get updates.
Comment:
Comment:
touches the center line of the channel.
Comment:
Comment:
touched the 38.6 percent.
as suggested by me.
as suggested by me.
Comment:
Comment:
about to touch the othe end of the channel.
Comment:
Comment:
touched .
