niftybank

Sell Cmp---110.10

Weekly Indicators are turning from bearish and showing bullish signals. So pls refer chart .. This is not a intraday/expiry call Vijayaraghavan.K, Kovilpatti.

buy On Dip

Buy CMP---114.50

Buy Cmp---364

Buy Above

I haven't counted waves on nifty bank here because it is as similar as nifty 50 weekly chart. Please refer to the previous nifty 50 chart posted yesterday.

Buy ABove

refer chart for details bank nifty is in flying mode

SELL BELOW

Sell

Sell Cmp 25715

On weekly timeframe, NSE:BANKNIFTY shows a strong rejection at 71.6% Fibonacci retracement levels with a Bullish Engulfing[/i] candlestick pattern. One can constantly go long, on the break of 25500 levels on spot for a target above 26300+

SEE CHART

see chart

wait and see what happens

If trendline break then we will see big fall in bank nifty.

As on 18/09/18, Bank Nifty is in downtrend as per candlestick pattern and also moving averages. Crucial Resistance level is 26644.36 and crucial support is 26363.54. If it breaks 26390 then sell bank nifty for target 26302/26131/26041 with stoploss 26500. Also, Bank Nifty is forming bearish engulfing in monthly time frame.