Postmortem on Bank Nifty - 12 SEP 2022
Bank nifty as flat as it can be, opened gap up at 40540 and closed at 40561. If we ignore the 2nd & 3rd candle - the rest of the day was traded with stability & calm. For a moment i thought BN was planning to trend down when i saw the 2nd candle, but it was more of a gap closing trade symbolizing few traders taking profits or exiting an unplanned trade.
Analyzing today's movement shows a hiccup for BN to move up - it felt as if it did not want to go up any higher. But since it didnt want to go lower either - may be seen as a sign of strength. Other main indices Nifty50 is showing strong uptrend.
May be in a day or 2 BN will continue in its upward trend. Only if the US CPI data comes as unexpected we can see a fall in current levels
Bank nifty important support and resistance lines
s1: 40149, s2: 39738
r1: no resistance line because BN near ATH
Analyzing today's movement shows a hiccup for BN to move up - it felt as if it did not want to go up any higher. But since it didnt want to go lower either - may be seen as a sign of strength. Other main indices Nifty50 is showing strong uptrend.
May be in a day or 2 BN will continue in its upward trend. Only if the US CPI data comes as unexpected we can see a fall in current levels
Bank nifty important support and resistance lines
s1: 40149, s2: 39738
r1: no resistance line because BN near ATH
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.