Bank Nifty on the verge of trendline breakout; know the key breakout level! Bank Nifty on the verge of trendline breakout; know the key breakout level! A move above 34,355 is positive, and it can test 34,565. However, a move below 34,200 is negative, and it can test 33,980. Karan Dsij / Thursday, July 7, 2022 / Article rating: 3.2 On Wednesday, Bank Nifty jumped 1.5 per cent and closed decisively above the important psychological mark of 34,000.
Bank Nifty caught between rock and a hard place; 21-EMA is crucial! Bank Nifty caught between rock and a hard place; 21-EMA is crucial! Bank Nifty took support at 21-EMA for the day, which is placed at 33,815. A decline below this will be negative for the index. Karan Dsij / Wednesday, July 6, 2022 / Article rating: 4.4 After a solid start, Bank Nifty registered an intraday high of 34,361; however, it fell from grace and declined sharply by 600 points from the day’s high.
A perfect set-up for Bank Nifty to extend its gains! Know the key levels for the day! A perfect set-up for Bank Nifty to extend its gains! Know the key levels for the day! The price structure looks bullish for now as the index has formed a sizeable bullish candle and decisively, closed above the 20-DMA. Karan Dsij / Tuesday, July 5, 2022 / Article rating: 5.0 Monday’s trading session turned out to be a marvellous one for Bank Nifty as it closed with gains of over 1 per cent i.e. above the sloping trendline resistance and marked its highest closing level after June 13.
After a dashing performance on Friday, D-Street bulls likely to put their hope on Bank Nifty; know why! After a dashing performance on Friday, D-Street bulls likely to put their hope on Bank Nifty; know why! A move above 33,670 is positive and it can test 33,900. However, a move below 33,400 is negative, and it can test 33,150. Karan Dsij / Monday, July 4, 2022 / Article rating: 4.5 Bank Nifty has closed flat to negative on a weekly basis. On the weekly chart, it has formed a bearish candle as its closing was below the opening level but carries a long lower shadow, which indicates buying demand at lower levels.
Will Bank Nifty continue its resilient act? Know key levels for the day! Will Bank Nifty continue its resilient act? Know key levels for the day! On the weekly chart, it’s undergoing the formation of a dark cloud cover-like candlestick pattern. Karan Dsij / Friday, July 1, 2022 / Article rating: 5.0 Bank Nifty was observed to be resilient on a monthly expiry day as it gained nearly half a per cent.
Bank Nifty bulls need to battle hard to recapture its important psychology mark of 34,000! Bank Nifty bulls need to battle hard to recapture its important psychology mark of 34,000! Any negative opening and slipping below the 33,600 level will have a bearish implication. Karan Dsij / Wednesday, June 29, 2022 / Article rating: 4.0 On Tuesday, Bank Nifty ended with a loss of half a per cent. It opened at 33,578 and closed at the level of 33,642.
Bank Nifty forms a bearish belt hold candlestick pattern; know the significant support level to watch out for! Bank Nifty forms a bearish belt hold candlestick pattern; know the significant support level to watch out for! Bank Nifty has formed a bearish candle and took support at the MA ribbon. Karan Dsij / Tuesday, June 28, 2022 / Article rating: 5.0 Bank Nifty found resistance around the 20-DMA and thereafter, it declined 400 points from the day’s high before settling with a modest gain of over half a per cent.
Bank Nifty ends its three-week losing streak; can bulls capitalise on the positive move of last week?! Bank Nifty ends its three-week losing streak; can bulls capitalise on the positive move of last week?! Bank Nifty jumped 2.7 per cent last week and formed an inside bar on the weekly timeframe. Karan Dsij / Monday, June 27, 2022 / Article rating: 5.0 Bank Nifty may open positive. After an hour, if it trades above 33,840, it’s a positive sign that may test 34,340.
Find out which level is crucial for Bank Nifty after a volatile day! Find out which level is crucial for Bank Nifty after a volatile day! he current price structure has taken shape of a pennant-like pattern, which is a continuation pattern. Karan Dsij / Friday, June 24, 2022 / Article rating: 4.3 Bank Nifty has formed a long-legged small body candle. After over 800 points of volatility, it failed close above the 8-EMA.
Is Bank Nifty ready for an impulsive move? Know the crucial levels to watch out for intraday trades! Is Bank Nifty ready for an impulsive move? Know the crucial levels to watch out for intraday trades! Unless it closes above 33,110, it is better to avoid long positions. Karan Dsij / Thursday, June 23, 2022 / Article rating: 4.0 Bank Nifty on Wednesday closed in negative terrain and confirmed the previous day's shooting star candle. It has also moved below the previous day's low during the day.