Bank Nifty Hourly
Bank Nifty hourly is resisting to its 50 HMSA, 2 Hour close above 10900 will give strength to bulls, Holding 10900 Bank Nifty can rally all the way upto 11400 odd levels.
Bank Nifty Daily
Bank Nifty on daily chart took support at its 100 DMA and after whipsawing the rising trendline is back with the trend.Next target for this upmove comes at 200 DMA.
Bank Nifty Fibo Fans
Fibo Fans was once again able to capture the top of Bank Nifty 🙂
BN is also holding its 50% retracement at 10563 as shown in above chart, the correction we saw was healthy for BN.
Bank Nifty Weekly
Bank Nifty on WoW basis was down by 101 points and closed @10811 Bank Nifty held on to lower end of trendline and formed a DOJI pattern, move above 11000 BN will make one more attempt towards its recent swing high at 11700
Bank Nifty Monthly
Monthly charts are trading near Fibo arcs suggesting the short term correction might be over and we are looking for a pullback on upside.
Bank Nifty Trading Levels
Bank Nifty Trend Deciding Level:11001
Bank Nifty Resistance:11146,11276 and 11406
Bank Nifty Support:10886,10756,10626 and 10496
Levels mentioned are Bank Nifty Spot
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl
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