Note: This is for educational purpose only.
There seems to be a build up near resistance of the channel in BankNifty. Not sure if this is accumulation or distribution. RSI is above 60 which indicates bullish strength. However, further up move can be seen on breaking the channel.
Index Might looking bearish for Target Toward 20300-19500-19000 Sl @ 21,026.97
The Bank Nifty closed 2.72 percent lower at 20,525.15. which will act as crucial support for the index, is placed at 20,240.87, followed by 19,956.54. On the upside, key resistance levels are placed at 21,026.97
Good Morning Everyone,
Yesterday Index was volatile and most of movement has been eaten though Gap up after that Index has been traded in a wide range but still we have managed to make good money in Intraday if you guys listen me and manage to short from top (18100) . Now question is Index will be trade in a range and can give a clear movement .
Technical...
