Muted week for the street where major indices gave up some marginal gains from the last week. Nifty lost close to 90 points while the Nifty bank gave up close to 140 points. As mentioned last week the bulls did end up showing demand for the Nifty around 10899 levels and the Nifty bank from 27741 zone. However it seems the street is still watching out for some real...
ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->12th August 2019 to 16th August 2019 Bank nifty moves around -675.35 pips from 12th August 2019 to 16th August 2019, in which bank nifty did not break last week 05th August 2019 to 09th August 2019 top nor bottom.
BNF to pullback to support zone L1-L2 to push higher towards 28246 for 16 Aug......stops below 27700 ......Respect risk.....Happy trading
BNF @ important support level ....if held we may see 28126 by close of 14 Aug.....
Finally the bulls seem to be having their way after weeks of mayhem on the street by the bears. However if this is for real or no would be a crucial point to watch in the coming week. The Nifty and Nifty bank bounced back from demand zones of 10863 and 27840 respectively, as mentioned in the last report. Intervention from the government helped the Indian markets,...
ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->05th August 2019 to 09th August 2019 Bank nifty moves around +1213.25 pips from 05th August 2019 to 09th August 2019, in which bank nifty break last week 29th July 2019 to 02nd August 2019 bottom 27936.35.
Banknifty Rocking as mentioned in Chart 27600 to 28000......... Could not share it before, but its just the start with today's low as SL.
bank nifty can go for short same as discussed in nifty post.
ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->29th July 2019 to 02nd August 2019 Bank nifty moves around -1656.60 pips from 29th July 2019 to 02nd August 2019, in which bank nifty break last week 22nd July 2019 to 26th July 2019 bottom 28871.00. BANK NIFTY: Breaks May Bottom: 28525.45
Bank Nifty Technical Pattern Interesting Chart Pattern Idenfied In case it continues the momentum, and in the process break 29770, But since the PCR ratio are loudly pointing towards the other Side. Close Watch for next 2 Days. Further Strong Slide We will meet on ThursDay to review this.
bank nifty can be shorted in tomorrows second session target is today's low.
Bank nifty is showing some strength but nifty is not supporting Bank Nifty. It can travel in range for tomorrows session.
The street seems to be grappled well within the control of bears as there is no respite for the bulls since the last 2 weeks. Every opportunity on the higher sides seems to be taken by the bears to enter a fresh short in the market. Nifty as well as Nifty bank have shed more than 400 and 2000 points respectively. Taking a hawk eyes view it would be important to...