As per the analysis, market in a neutral zone TOWARDS BEARISH SENTIMENT.
This SUPPORT & RESISTANCE works live and expect a reverse from RESISTANCE ZONE.
For 13th Friday , there will be a Shorting Opportunity from the Resistance.
SELL AT HIGH , BUY AT DIPS.
Nifty and Bank nifty is near by previous demand zone.. it will retest that zone and come down to next monthly support ( red colour line)...
But in 4 hrs chart, it both charts are in consolidation zone... once it complete it will come down...
Let’s see in next week
YES BANK NSE : YESBANK : Monthly Analysis : Long | Short | Level
Important levels for Yes bank
Upper side :
230 , 270 , 295 , 305 , 330 , 380 , new 52 week high
Lower side :
215 , 180 , 155 , new 52 week low
BANK NIFTY facing strong resistance at 20500 it will correct some points
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
Will Bank Nifty follow the Nifty way to fill the existing GAP ? If yes, then bear will takeover the Bank Nifty also.
Short below = 18797
Target 1 = 18709
Target 2 = 18552
Target 3 = 18440
Stop Loss = 19002
Reward Points = 540
Risk Points = 205