Good Morning Everyone
Bank Nifty is more tricky than the nifty 50 Index and gives wild swings in the Intraday. We have seen a double bottom pattern in the Friday trading session in the 15-minute time frame, a trend reversal pattern. It would be best if you also remembered the hourly trend. The best strategy is selling from the rise.
Key Resistance is 39,800 to 40,000
Intraday Resistance is 39,300 ( Build long on the breakout)
Intraday Support is 38,790 ( Build short Position on the breakdown)
Key support is: 38,400
Bank Nifty is more tricky than the nifty 50 Index and gives wild swings in the Intraday. We have seen a double bottom pattern in the Friday trading session in the 15-minute time frame, a trend reversal pattern. It would be best if you also remembered the hourly trend. The best strategy is selling from the rise.
Key Resistance is 39,800 to 40,000
Intraday Resistance is 39,300 ( Build long on the breakout)
Intraday Support is 38,790 ( Build short Position on the breakdown)
Key support is: 38,400
Trade closed: target reached
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Telegram : t.me/Codeviser
Website: codeviser.org
Follow us on Twitter: twitter.com/CodeVisers
Our Facebook Page: facebook.com/Codevisers
Youtube: youtube.com/c/CodeViser
Website: codeviser.org
Follow us on Twitter: twitter.com/CodeVisers
Our Facebook Page: facebook.com/Codevisers
Youtube: youtube.com/c/CodeViser
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.