Category Archives: Bank Nifty Technical Analysis

Bank Nifty holds on to 19100,EOD Analysis

By | January 19, 2017

As discussed in Last Analysis   Bank Nifty finally closed above 19100 suggesting bulls are in control and we can see move till 19420/19600. Bearish only on close below 18967. Low made today was 19046 so bulls are protecting 18967 and also for 2 day closing above 19100 suggesting they are having upper hand but need to… Read More »

Bank Nifty breaks gann resistance zone,EOD Analysis

By | January 16, 2017

As discussed in Last Analysis  Range was 18966-19067 is very important zone of resistance. Unable to cross the same correction can be seen till 18500. Fresh longs should be taken only on close above 19100 only. In between the trade of 19067-18500 Buy Low Sell higher with strict SL  Close today was just below 19100… Read More »

Bank Nifty Unable to breach the resistance zone of 18966-19067,EOD Analysis

By | January 14, 2017

As discussed in Last Analysis  Bulls should now protect 18700-18739 range for further up move towards 19100. Bearish only on close below 18500. Low made today 18781  and high made was 18952. Range was 18966-19067 is very important zone of resistance. Unable to cross the same correction can be seen till 18500. Fresh longs should be… Read More »

Bank Nifty rallies 600 points after start of new time cycle, EOD Analysis

By | January 11, 2017

As discussed in Last Analysis   Holding the same bank nifty can move towards 18500/18700. Bearish below 18250 for a move towards 18000. Expect a Big move in bank nifty as per time cycle in next 2 trading sessions.  Bank Nifty close above 18500 can move to next resistance zone of 18739. Bearish only below 18250.… Read More »