The Bank Nifty moved in range of 1246 points Viz. between 44787 & 43541. The weekly candle is a strongly bullish one with higher highs and lower lows. The Index is trading in a new upward sloping channel with a pivot at 45230 and the top at 46400 and lower support at 44130. Only a weekly close below 44100 could lead to deeper correction.The Bank Nifty has been hovering around the 43500-44500 zone for the past 6-7 weeks.We may find direction only if this range is breached on closing basis. L reversal of 4 consecutive red candle which is a positive sign. Expected range for Bank Nifty is 44400-45500.A daily close outside the broader range indicated above would require re-evaluation.
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.