DSIJ Mindshare

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 0 297 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.

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 0 439 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.

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DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

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