Bank Nifty Technical Analysis before Budget 2017

Tuesday, January 31 Leave a Comment

  • As discussed in Last Analysis Bulls need close above 19800 for move towards 20200/20500. Bears below 19360 for move towards 19140/18920. High made was 19624 and low was 19435 so bank nifty continued to trade in range also made low near the green arc as shown in below chart. As we have budget today expect range of least 600-900 points, On downside 19000 strong support below that 18622 can see quickly on Upside we can move towards 20300/20500 on move above 19800.  Do's and Don't For Trading on a Budget Day

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