YESTERDAY BANK NIFTY CLOSED AT 35802, WHICH IS BELOW THE 48 EMA CHANNEL IN 15 MIN TF, IN 1HR TF BANK NIFTY IS IN THE CHANNEL SO WE SHOULD PLAN TO SHORT BANK NIFTY BELOW THE PREVIOUS DAY LOW AND 200 MA WHICH IS 35681. BN PRICE CLOSED BELOW 8MA, 20 MA AND 50 IN 15 MIN CHAT WHICH SHOWS BEARISHNESS.
48 EMA :35984-34845
DEMAND-35991,35217
SUPPLY 36728,36147
BANK NIFTY 1 HR CANDLE IS BELOW 50MA , SO SEARCHING OPPORTUNITY FOR SHORTING BETTER THAN LONG BELOW 30192. UP SIDE RESISTANCE AT 30345 AND 30559. DOWN SIDE SUPPORT IS AT 29483 AND 22112. FIRST 5 MIN OPENING RANGE BREAK DOWN FOR DOWN SIDE WILL BE A GOOD SIGNAL FOR SHORT.