Harry_Bhullar

Harry_Bhullar

Today Bank Nifty opens at 48959 and close at 48540. Traded sideways in narrow range 48400 - 48600. On Monday, 48550 level crucial. If bank will trade above 48550 for first 30 min then bank nifty will trade bullish and Resistance level will be. R1- 48675 R2 - 48800 R3 - 48925 EMA 21 (48584) is below then EMA 55 (48744), EMA 100 (48831), EMA 200 (49128). There is...

Harry_Bhullar

Today Bank Nifty Traded in closed band. 21 EMA (48642) may cross 55 EMA (48645) . Nifty may open in positive. 48545 was important resistance and Bank Nifty traded above and closed near 1st resistance level 48925 . Tomorrow, if Bank Nifty open and traded above 1st resistance (48925) level for first 15 Min then will touch 2nd resistance level (49125) and...

Harry_Bhullar Updated 

48545 is important resistance level if bank nifty holds above this level then we can see bull run and can hit 1st level 48925, 2nd level 49125.

Harry_Bhullar

Currently Nifty is trading at trading @48779. As per my analysis this seems to be bottom. Gap Up opening is excepted. From this point nifty will bounce back if it trade above 48925 then Resistance level will be 1st Resistance 49125 2nd Resistance 49378 3rd Resistance 49710 If it will cross 49710 then we will see levels 1st 50035 2nd 50655 If it falls further...