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Bearishsentiment

Bank Nifty spot 53655.65 by the Daily Chart view - Weekly updateBank Nifty spot 53655.65 by the Daily Chart view - Weekly update - Support Zone 53150 to 53650 for Bank Nifty Index - Rising Support Channel Breakdown might act as Resistance - Resistance Zone earlier Support Zone at 54160 to 54660 for Bank Nifty Index - Falling Resistance Trendline sustained by current Weekly closure below trendline - 2 Minor Gap Down Openings done last week Thursday and Friday as a resistance closure - Bank Index made a repeat Bearish Rounding Top pattern making fairly decent Resistance with the closure well below Resistance Zone
NSE:BANKNIFTY
by PIYUSHCHAVDA
Dark cloud cover confirmation: shooting star, what's next?Last week, we saw a huge sell-off, that resulted in the formation of a shooting star. Such a pattern has major implications if it is seen at top of the trend. It depicts sentiment reversal. Last, to last week we saw a dark cloud formation, now the following candle is a shooting star. It clearly shows the overall sentiment. Same thing you would observe if you see, the option chain. Very few positions are carried out for Monday Calls are being added at an important price level. 17500, 17800, 18000 level Whereas in the case of puts very few contracts are being added at 17200 and 17000 level This shows call sellers are in control. Expecting some short-term reversal from the 17100 to 17200 level, considering support, resistance and Bollinger band.
NSE:NIFTY1!
by OK_Rane