BANKNIFTY POST MARKET REPORT ON19-09-22
Hi,
The Bank Nifty opened -91.20 paints and closed +127.60, reached today high 41179 11 AM and not sustained start moving down 40729 @ 3.00PM i.e. 449 points down from there with in half an hour 237points recovered If draw the Fib retracement levels for the day chart the output of support and resistance levels are as follows.
Resistance - R3-41540, R2-41252 & R1-41025
Pivot -40866, BC40847 & TC40885 (Narrow CPR)
Support – S1-30707, S2-40510 & S3-40192.
If Bank Nifty sustained above 41180 the bull remains and move upwards further 41250 and 41540.
If Bank Nifty sustained bellow 40840 it will turn to bear side and ready to retrace the level of 40700 ,40500 & 40200
So, we have to be in very careful to watches the above levels and do the successful trade.
Disclaimer : Not SEBI registered advisers . It is my own analysis by my past experience. You may consult with your finance adviser for your action.
The Bank Nifty opened -91.20 paints and closed +127.60, reached today high 41179 11 AM and not sustained start moving down 40729 @ 3.00PM i.e. 449 points down from there with in half an hour 237points recovered If draw the Fib retracement levels for the day chart the output of support and resistance levels are as follows.
Resistance - R3-41540, R2-41252 & R1-41025
Pivot -40866, BC40847 & TC40885 (Narrow CPR)
Support – S1-30707, S2-40510 & S3-40192.
If Bank Nifty sustained above 41180 the bull remains and move upwards further 41250 and 41540.
If Bank Nifty sustained bellow 40840 it will turn to bear side and ready to retrace the level of 40700 ,40500 & 40200
So, we have to be in very careful to watches the above levels and do the successful trade.
Disclaimer : Not SEBI registered advisers . It is my own analysis by my past experience. You may consult with your finance adviser for your action.
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