RRAO

RRAO

Banknifty forming Head and shoulder pattern and neckline is placed at 46743 if it breaks the 46743 then Banknifty becomes bearish

RRAO

BANK NIFTY opened GAP DOWN today and in 1 hour timeframe it is moving in cahnnel.Today it also closed near lower end of yesterday consolidation zone. It may move towards 37727 i.e. lower end of channel in comming week.

RRAO Updated 

Bank Nifty is bearish for last two days and formed a down channel in 1 hour time frame, Expect downtrend to continue for next week also and it may break it's previous week low.

RRAO Updated 

Nifty close at 11089 on Friday making low of 11026 The psychological support at 11000 and actual support at 11022 if it breaks it may test 10825 in coming days

RRAO

Bank nifty on Friday close at 21640 Bank nifty made H&S pattern on 4 hrs chart neckline placed at 21025 if closes below 21025 then bearishness may be seen in Bank Nifty

RRAO Updated 

As previous gap formed in March 20 between 10141 to 10293 band may act as a strong resistance for nifty and it may retrace up to 9818 to 9700 level in coming days.

RRAO Updated 

NIFTY TESTED LOW OF 7560 AND BOUNCED BACK UP TO 9057 AND ON FRIDAY MOVED DOWN TO 8660 I THINK NIFTY MAY TEST IT'S SUPPLY ZONE i.e. 9900-10000 BEFORE COMING BACK TO 8000

RRAO

as nifty test high of 9800 and retraced from there, i think it may test low of 6900

RRAO

nifty has formed Loss Of Momentum, also showing RSI bullish diversion on 4 hour chart and taken support at 11176 .I think nifty may retrace from here up to 11595 sl 11005 spot.