Bank Nifty as on 28th Sept, 2020
Bank Nifty has turned from bearish to bullish trend. 21875 looks an strong resistance as it 61.8% of retracement level. If Bank Nifty is able to close above said level on hourly chart, then its bullish will get confirmed.
Here are the upcoming resistance levels
1) 21875
2) 22035
3) 22472
if it starts going down again, then...
Nifty has turned from bearish to bullish trend. 11300 looks an strong resistance as it 61.8% of retracement level. If Nifty is able to close above said level on hourly chart, then its bullish will get confirmed.
Here are the upcoming resistance levels
1) 11260
2) 11300
3) 11438
if it starts going down again, then here is the support level:
1) 11180
2)...
Bank Nifty Looks bearish to me. So far it is taking support at "Support 4" level, as shown in the image. If it breaks, it may go upto "Support 5" level as shown in the image. Whoever is in short position, can stay in short position till it crosses 21425 level. It must make higher high candle on hourly chart post it crosses 21425 level, then only anyone should go...
Today Bank Nifty was on down trend. Someone who shorted Bank Nifty, would have made huge profit. The first two candle gives clear indication that Bulls are not having enough strength to pull market towards next level. Someone who shorted Bank Nifty at 9:25 candle having SL above day high would have made huge profit.
The big red candle was based on event at Indo...
Today, Nifty was trading within range too. It was just a news, which pulled Nifty down by 100 points but post that it was pulled back to the trading range i.e. 11500 - 11600.
Nifty tasted the day high two times in the day, which was good opportunity to short the market having Stop Loss just above day high. Small SL with good profit opportunity.
Nifty also tasted...
Past few days, Bank Nifty is moving between 600 points. Its a clear indication of range bound market. It has to break the range, in order to make some decisive direction.
Here are the resistance levels as per me:
1) 22685
2) 23050
3) 23185
Here is the support level
1) 22050
2) 22450
As stated above, Bank Nifty has to break the range to make some strong movement.
Past few days, Nifty is taking a strong support around 11500. If it breaks, it may fall 100 to 200 points. If it goes up, here are next resistance levels.
1) 11580
2) 11616
3) 11684
Here is the support level
1) 11450
2) 11410
3) 11310
Today market moved within a range. Today, it faced strong resistance around 11580. Once price got rejection from there, it fall...
Unlike Bank Nifty currently Nifty is in uptrend. Its 200 MA is on rising pattern, which also confirms that at long run,
Nifty is in uptrend. To change the trend, Nifty has to go below, 11355. Currently it is AT its immediate resistance level.
If it manages to break upwward then it may face resistance at the following levels:
1) 11516
2) 11580
3) 11677
On...
Current Bank Nifty in downtrend but look like a new bottom has been formed at 22077. Now it is expected to go high. While
moving upward BnF may face resistance at the following levels:
1) 22664
2) 23055
3) 23484
On the lower side, if BnF manages to slip further it has immediate support at 22422. If BnF breaksdown the said level, then
it may face support at...
