Bank 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
Nifty seems to be bullish if it breaks the above trend line and sustain for few hours or a day at least Zones Above - 18123-136, 18161-183, 18238-250 Zones Below - 18078-063, 18032-016, 17955-926
Both indexes seem to ready for up move if the above trendline breaks and price sustains above it for few hours or a day at least
Bank Nifty is trading in the range of 43600 to 41600 since 28 days and wil remain volatile till it remains here, it is trading in a triangle & range is getting compressed continuously, breaking of which will give a strong move in either direction Zones Above - 42637-695, 43019-43017, 43510-614 Zones Below - 42234-286, 41861-964, 41569-697, 41320-363, 41051-123
NIFTY is still in the range and moving in a triangle on daily time frame. Zones Above - 18160-178, 18238-250, 18300-318 Zones Below - 18955-926, 1778-764, 17724-278
Have you observed how bank nifty respected the magical level of 42272.90 today, it has been respecting it continuously either as support or resistance. Bank Nifty will remain equally volatile & undecisive till it is between the range of 43578-41597 Levels Above - 42637-695, 43019-137, 43510-614 Levels Below - 42272, 41861-964, 41596-697, 41320-363, 41051-223
Nifty has formed a Bearish Harami pattern on Daily time frame, if it breaks todays low 18063, 150 pts down move is clearly expected with in a day or two. Nifty Levels Above - 18161-183, 18238-250, 18300-318 Nifty Levels Below - 18038-052, 17926-948, 18876-853, 17778-764 Nifty will behave similarly volatile till it remains between 18265-17747
Dow Jones is showing all bullish signals on the Daily chart Price is above 20 SMA with strong upwards momentum Price has formed a Cup & Holder pattern on chart, entry in which is not yet confirmed, i have mentioned all the details on the chart with proper drawing
Bank Nifty is in Sideways to Volatile trend till it remains in the range of 41500-43500 Zones Above - 42453-408, 42695-637, 43019-137, 43510-614 Zones Below - 42273, 42128-156, 41956-42011, 41697-569, 41363-320, 41123-051
Nifty is still in a side ways volatile trend, till it remains between 17750-18250 Zones Above - 18010-17990, 18076-054, 18112-135, 18238-250, 18300-318, 18445-473 Zones Below - 17945-967, 17897-884, 17828-815, 17778-764, 17728-724, 17662-647
Bank Nifty may react to US sentiments on 4th initially buy over all it is in a bullish mode Levels Below - 43041-103, 43853-894, 42449-488 Levels Above - 43438-474, 43573-614, 43807-887
On 4th it may react to US markets towards the down side, but it will turn upwards again and the levels Above - 18238-250, 18300-318, 18445-473 Below - 18192-174, 18135-123, 18092-073, 18015-17992
Bank nifty is side ways as of now If it crosses 43304-43372 levels next resistance is 43573-614, 43807-887 Resistances below are 43086-42971, 42894-853, 42488-449
Nifty today has closed above a strong trend line, next resistance for nifty is 18223-233, if it breaches it will touch 18300 easily. Down side demand zones are at 18158-145 & 18092-073
Bank Nifty lost its steam of bullishness as of now, it is in a range where bias is undecided only if it breaks and closes below 42222 on Daily closing basis it will get Bearish & if it breaks and closes above 441555 on Daily closing basis it will get Bullish in between the above 2 levels it will keep giving Goosebumps, hence avoid heavy positions till then.
Nifty lost its steam of bullishness as of now, it is in a range where dias is undecided only if it breaks and closes below 17770 on Daily closing basis it will get Bearish & if it breaks and closes above 18710 on Daily closing basis it will get Bullish in between the above 2 levels it will keep giving Goosebumps, hence avoid heavy positions till then.
Banknifty had a good recovery today and is ready for a good upmove tomorrow as daily candle is nearly a bullish hammer and 125 minutes has morning star formataion. if it crosses 431000 then next big resistances are 43600 and 44100
Nifty took a good bull run today with good recovery. Next strong resistance is 18206