Bank Nifty Hourly
Bank Nifty hourly charts are showing negative divergence in leading indicators unable to cross 11232 and breaking 11040 negative divergence will come in effect.
Bank Nifty Daily
Bank Nifty on daily chart will face resistance at its 200 DMA@11232,Unable to cross the same will show an intital dip towards 10900 levels Crossing the same we can see an upmove till 11500 in next week
Bank Nifty Fibo Fans
BN is also holding its 50% retracement at 10563 and resiting at 11236 which is 38.2% as shown in above chart.
Bank Nifty Weekly
Bank Nifty on WoW basis was up by 475 points and closed @11154 Bank Nifty held on to lower end of trendline and crossing 11232 will move to 11700 in coming 2 weeks.
Bank Nifty Monthly
Monthly charts are trading near Fibo arcs suggesting the short term correction might be over and we are looking for a pullback on upside.
Bank Nifty Trading Levels
Bank Nifty Trend Deciding Level:11232
Bank Nifty Resistance:11406,11666 and 11926
Bank Nifty Support:10886,10626 and 10236
Levels mentioned are Bank Nifty Spot
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl
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