Bank Nifty Technical Analysis
RBI policy is on 18 Dec and decision on rate cut will be out. bank
Nifty is on a crucial juncture of make or break level of 12450. As
discussed last week bank nifty was unable to close above the trendline
resistance of 12540. Technically till 12540 is not crossed pullback till
12200 is very much on cards.
Bank Nifty crossed its long term trendline resistance of 12250 and closed above it on weekly basis, now 12250-12300 will become the support for Banknifty as seen in last week fall. Resistance now comes at 12540 and unable to cross the same pullback should be expected from that level.
Bank Nifty Fibo Fan Chart
As per Fibonacci Fan theory 12300...
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Bank Nifty Daily Chart
Bank Nifty crossed its long term trendline resistance of 12250 and closed above it on weekly basis, now 12250-12300 will become the support for Banknifty as seen in last week fall. Resistance now comes at 12540 and unable to cross the same pullback should be expected from that level.
Bank Nifty Fibo Fan Chart
As per Fibonacci Fan theory 12300...
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posted by Bramesh at
7:58 AM
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