Bank Nifty

Bank Nifty 8/20/2018 8:42:00 AM
banknifty-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend after few consolidations inside the channel. The market is expected to continue on bullish momentum, testing all the way through 28250-28400 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The correction rally could test around 28050-28000 levels. Buy on dips strategy is preferable in this current scenario. Key resistance holds at 28400 and support at 27750.


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Technical Chart:
banknifty-chart
Bank Nifty 8/17/2018 8:42:00 AM
banknifty-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up in consolidation retesting near a key support zone inside the channel. The market is expected to continue on bullish momentum, testing all the way through 28200-28400 levels in upcoming sessions. Alternatively, if the market breaks below the key support holding at 27750 then it might turn bearish once again. The downside rally could test 27600-27400 levels. Key resistance holds at 28400.


Research Report call:

Technical Chart:
banknifty-chart
Bank Nifty 8/16/2018 8:58:00 AM
banknifty-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend after retesting a key support zone inside the channel. The market is expected to continue on bullish momentum, testing all the way through 28250-28400 levels in upcoming sessions. Alternatively, if the market breaks below the key support holding at 27750 then it might turn bearish once again. The downside rally could test 27600-27400 levels. Key resistance holds at 28400.


Research Report call:

Technical Chart:
banknifty-chart
Bank Nifty 8/14/2018 8:21:00 AM
banknifty-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up forming an “Inverse hammer” candlestick pattern in a gap down formation, which can be read as a trend reversal one. The market is expected to continue on bullish momentum for a while to fill up the gap, testing all the way through 28100-28400 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 27700 then it might continue in bearish momentum. The downside rally could test 27400-27200 levels. Key resistance holds at 28400.


Research Report call:

Technical Chart:
banknifty-chart
Bank Nifty 8/13/2018 8:11:00 AM
banknifty-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend after retesting near the channel’s resistance slope line. The market is expected to continue on bearish momentum, testing all the way through 28000-27850 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 28350 then it might turn bullish once again. The upside rally could test 28500-28600 levels. Key support holds at 27850.


Research Report call:

Technical Chart:
banknifty-chart
Bank Nifty 8/10/2018 8:50:00 AM
banknifty-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 28350. The upside rally could be testing all the way through 28500-28600 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 28000-27850 levels. Key support holds at 27850.


Research Report call:

Technical Chart:
banknifty-chart
Bank Nifty 8/9/2018 8:50:00 AM
banknifty-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend retesting near the channel’s resistance slope line. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 28100. The upside rally could be testing all the way through 28250-28400 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 27750-27450 levels. Key support holds at 27450.


Research Report call:

Technical Chart:
banknifty-chart
Bank Nifty 8/8/2018 9:15:00 AM
banknifty-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend retesting near the channel’s resistance slope line. The market is expected to continue on bearish momentum, be testing all the way through 27750-27450 levels in upcoming sessions. Alternatively, if the market been able to break above the key resistance holding at 28000 then it might turn bullish once again. The upside rally could test 28100-28300 levels. Key support holds at 27450.


Research Report call:

Technical Chart:
banknifty-chart
Bank Nifty 8/7/2018 8:59:00 AM
banknifty-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 28000. The upside rally could be testing all the way through 28150-28250 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 27750-27450 levels. Key support holds at 27450.


Research Report call:

Technical Chart:
banknifty-chart
Bank Nifty 8/6/2018 8:53:00 AM
banknifty-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 27850. The upside rally could be testing all the way through 28000-28200 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 27500-27150 levels. Key support holds at 27150.


Research Report call:

Technical Chart:
banknifty-chart