Monday, March 16

Bank Nifty Forms Evening Star pattern,Weekly Analysis

Last week we gave the Chopad level of 19596 Bank Nifty achieved 3 target on downside .Lets analyze how to trade next week.

 Bank Nifty Hourly

Bank Nifty Hourly
Bank Nifty took support at the trendline @18750  and closed  near it. 2 Demand zones are marked in above chart, 18500 and 18300 respectively. Break and close below 18750 can see bank nifty moving to these 2 mentioned levels.

Bank Nifty Hourly  EW Daily

Bank Nifty Hourly EW
Hourly Elliot wave analysis is shown,18500 will play crucial role in coming week.

Bank Nifty Pyrapoint Indicator


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