Nifty and Bank Nifty view on RBI Policy
Bank Nifty Hourly Chart
BankNifty Hourly chart has been on a roar before the Key RBI policy today@11:45 AM.
As the famoum adage goes Buy on Rumour and SEll of news.
Will today be that kind of day??
Stochastic has given a SELL on bank Nifty in hourly chart
As seen from the Chart we are seeing a W formation of which if 11001 is taken out will give a breakout to bank nifty for a tgt of 11292 levels
IF 11001 is not broken out just sell bank nifty tgt 10822 10 687 and 10591
Nifty Hourly Chart
Nifty hourly chart shows a gap unfilled between 5467 and 5475 this can be filled today with gap down opening.
Resistance @ 5507,5539,5567 and 5608
BankNifty Hourly chart has been on a roar before the Key RBI policy today@11:45 AM.
As the famoum adage goes Buy on Rumour and SEll of news.
Will today be that kind of day??
Stochastic has given a SELL on bank Nifty in hourly chart
As seen from the Chart we are seeing a W formation of which if 11001 is taken out will give a breakout to bank nifty for a tgt of 11292 levels
IF 11001 is not broken out just sell bank nifty tgt 10822 10 687 and 10591
Nifty Hourly Chart
Nifty hourly chart shows a gap unfilled between 5467 and 5475 this can be filled today with gap down opening.
Support @ 5492 (5EMA) and 5480( Daily Pivot) 5470 (Weekly Pivot ) 5448
Exit longs if it trades below 5437Resistance @ 5507,5539,5567 and 5608
posted by Bramesh at
8:13 AM
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