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 0 445 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. Read more
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 0 542 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. Read more
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 0 307 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. Read more
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 0 427 Article rating: 5.0 Bank Nifty was observed to be resilient on a monthly expiry day as it gained nearly half a per cent. Read more
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 0 422 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. Read more