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Bankniftyfuture

Bank Nifty Futures*FOR EDUCATIONAL PURPOSE ONLY!* *CHARTS ANALYSED USING 9 AND 21 MOVING AVERAGES, MACD AND HISTOGRAM ONLY! BANK NIFTY FUTURES DAILY CHART Moving Averages (9 & 21) are in a bearish trend, and I don’t see the required strength to be confident that a bullish reversal is on the way yet, but MACD and Histogram are giving signals of a bullish reversal. We can buy once we see a prominent crossover. Candles are trading way below 21 MA. Trend is not clear. HOURLY CHART The resistance at 36849 looks strong but we can see a breakout if candles crossover with strength. MACD is in a bullish pattern, but Histograms is fading. This creates a doubt regarding the breakout I mentioned above. Candles are above the 21 Moving Average which is a good thing but again, looks like a downward swing action could be possible. The chart is in a sideways trend. 15 MIN CHART A clean and clear bearish reversal in MACD and Histogram. Candles are holding on to the 21 Moving Average and the bearish trend would be confirmed if the candles let go the MA. There is nothing much to study, but the chart is weak for sure. My final outlook would be of a downtrend. I am not expecting a huge correction, but a normal running correction could be coming tomorrow.
NSE:BANKNIFTY1!Short
by virralthakkaar
BANKNIFTY FUTURES | COMING TOWARDS 37700 - 37500 ZONE ?BankNifty Futures has lost more than 3000 points from a recent high of 41800 zones. BankNifty Futures has a good support zone between 37700 - 37500 zones and if this level holds, we can see approx 3000 points Bounce from this zone. The RSI is current at 44 levels and it also has strong support at 37-35 zone. We would try to get time to re-analyze and update this idea. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY1!Long
by InvestPro_India
1