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.
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 took support at 21-EMA for the day, which is placed at 33,815. A decline below this will be negative for the index.
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!
The price structure looks bullish for now as the index has formed a sizeable bullish candle and decisively, closed above the 20-DMA.
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.
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.
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!
Any negative opening and slipping below the 33,600 level will have a bearish implication.
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 has formed a bearish candle and took support at the MA ribbon.
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 jumped 2.7 per cent last week and formed an inside bar on the weekly timeframe.
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!
he current price structure has taken shape of a pennant-like pattern, which is a continuation pattern.
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!
Unless it closes above 33,110, it is better to avoid long positions.
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.
What does a sharp profit booking in the last leg of trade indicate for Bank Nifty?
In the last leg of the trade, profit booking emerged and Bank Nifty slipped over 400 points from the day’s high, resulting in the formation of a shooting star kind of a candlestick pattern on the daily chart.
Bank Nifty opened around the 33,000 mark and made a low of 32,800 but at lower levels, buying interest was seen.
Why Tuesday's session is significant to watch out for Bank Nifty; know here!
Keep a close watch on Tuesday's price action as we could see this counter-trend rally extending for the next couple of trading sessions if it gets the confirmation of a hammer candle.
Bank Nifty moved above the prior day's high but it failed to sustain at higher levels as profit booking emerged at higher levels.
Nifty snaps six-day losing streak; HDFC, HUL and Asian Paints emerge as top gainers
Nifty FMCG & Nifty IT gained momentum and closed higher. However, Nifty Metals along with Nifty PSU Bank witnessed severe profit booking.
Indices traded with volatility throughout the day while Nifty closed higher by 0.37 per cent. Sensex gained about 237 points while Nifty Midcap and Nifty Smallcap witnessed heavy profit booking as they plunged 2.26 per cent & 3.20 per cent, respectively.