Monday, November 30

Bank Nifty entering RBI Event with Bullish bias,EOD Analysis

  • Bank Nifty continued to move up but unable to close above 17466 where demand zone lies. We have RBI policy tomorrow,Bank Nifty will be volatile and trending move will generally come after 12:30 and 1 PM.  Bank Nifty if it starts trading above 17466 the next crucial zone of resistance lies in range of 17620-17670 where we have a supply zone, 2 Harmonic pattern targets as shown in below 2 targets, so be extra cautious in the range of 17640-17670. Support at 17262/17170 range.  What's Your Trading Brain Type?
ABCD

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