Technical Analysis For Bank Nifty Today 11-07-2019 17:00:03

by wealthmann

July 11, 2019

94

In 1 hour chart Bank Nifty price continues to trade at 31449 and above the (Exponential Moving Average)EMA200 value of and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Bank Nifty continues to trade above level, that could be an extraordinarily Bullish sign for Bank Nifty

Even so, the 200-candle Exponential moving average (EMA) price range of is proving a tough nut to crack.

Pivot (invalidation): 31132.4

Our preference: Long positions above 31287.4

Alternative scenario: Below 31035 look for further downside.

Support Resistance Levels For Bank Nifty Today at 11-07-2019 17:00:03

Pivot: 31132.4

Resistance 1: 31287.4

Resistance 2: 31384.9

Resistance 3: 31539.9

Support 1: 31035

Support 2: 30880

Support 3: 30782.5

Yesterday High Low Close For Bank Nifty

Yesterday High: 31229.8

Yesterday Low: 30977.4

Yesterday Close: 31190

Today at 11-07-2019 17:00:03 Bank Nifty trading at 31449 with high of 31473.9 and low of 31367