Technical Analysis For Bank Nifty Today 23-07-2019 10:00:03

In 1 hour chart Bank Nifty price continues to trade at 29397.4 and below the (Exponential Moving Average)EMA200 value of 30648.3 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

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

Even so, the 200-candle Exponential moving average (EMA) price range of 30648.3 is proving a tough nut to crack.

Pivot (invalidation): 29426.2

Our preference: Long positions above 29583.1

Alternative scenario: Below 29217.2 look for further downside.

Support Resistance Levels For Bank Nifty Today at 23-07-2019 10:00:03

Pivot: 29426.2

Resistance 1: 29583.1

Resistance 2: 29792.1

Resistance 3: 29949

Support 1: 29217.2

Support 2: 29060.3

Support 3: 28851.3

Yesterday High Low Close For Bank Nifty

Yesterday High: 29635.3

Yesterday Low: 29269.3

Yesterday Close: 29374

Today at 23-07-2019 10:00:03 Bank Nifty trading at 29397.4 with high of 29419.8 and low of 29180

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