BANK NIFTY ANALYSIS FOR 24 JANUARY 2023Bank Nifty seems to be bullish if it breaks the above trend line and sustains for few hours of a day at least
Zones Above - 43019-137, 43510-614, 43807-887
Zones Below - 42637-695, 42286-234, 41964-861
Bankniftytrendline
BANK NIFTY - 15 min chart - 29.08.2022 - BAHAVAN CAPITALBANK NIFTY as per my previous post for 26.08.2022 mentioned that there had been no aggressive buy or sell by both FII and DII.
Similarly today was an highly volatile day where from 12.15 to 3.30 pm there had been no big movement on the either side.
FII Net Selling was at 51.12 Crores and DII Net Buying was at 453.59 Crores.
Being mostly a sideways day on 26.08.2022 we should witness some better movement any one of the side by Monday.
Above 39276 then Resistance at 39371 / 39407 / 39464 / 39605.
Below 38752 then Support at 38635 / 38555 / 38506 / 38470 / 38379 / 38273 / 38208 / 38113 / 38029 / 37795.
Nasdaq Composite and Dow Jones Index had a good Fall today (26.08.22) and there could be a similar impact on Nifty and Bank Nifty too.
However lets see where market opens.
Happy Weekend to All........
BANK NIFTY - PRICE ACTION - 25.08.2022 - BAHAVAN CAPITALBANK NIFTY had posted previously for 25.08.2022.
Above 39187 and Resistance at 39298/39398/39442.
Today we can witness market weakness which i had mentioned too for 25.08.2022. And the levels are broken it had taken support of each trend line for the next fall.
For 26.08.2022 will post you price action chart.
And i believe the Bank nifty charts which iam posting had been use full for you all..
