DSIJ Mindshare

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 0 534 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!

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 0 296 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.

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