BankNifty - Technical Analysis - 6/2/2016

72 0 3
BankNifty             is little more volatile sibling of Nifty             . If you take out price scale, then it would be tough to differentiate between NIFTY             and BankNifty             charts. Usually we cover NIFTY             widely here knowing that learned traders will get their conclusions about BankNifty             from there. Let's dive into the levels to indentify next opportunity in BankNifty             .
Major Banks in India has been pounded hard, but that hasn't stopped BankNifty             from scaling right back alongside NIFTY             to the yearly highs. Technically it's a break of downward slopping trend line but we have to be cautious jumping on the boat.
These are the potential trade setups we are looking at,
1. Short near 18000 Resistance level
2. Short near 19000 Resistance level
3. Long near 16800 Support level
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out