Bank Nifty Hourly
Bank Nifty hourly charts is trading below its 50HSMA,11007-11116 range once crossed and see bulls coming back else its bear power all the way down till 10800-10600 odd levels.
Bank Nifty Daily
Bank Nifty on daily chart is near its trendline support and also its 200 DMA. Breaking the same Bank nifty can go down all the way upto 10500.
Bank Nifty Fibonacci fan are wonderful tool to find the top and bottom in short term.Support at 10700-10670. Resistance at 11321.
Fibo Retracement also signalling support @10851 and resistance at 11400
Bank Nifty Weekly
Bank Nifty is trading near its trendline support which if not broken is bullish in short term. Breakdown below 11800 for target of 10600-10400 in short term.Bounce back only on close above 11016 for 11300-11500
Bank Nifty Monthly
Bank Nifty Trading Levels
Bank Nifty Trend Deciding Level:11016
Bank Nifty Resistance:11146,11276,11406
Bank Nifty Support:10886,10756 and 10626
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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