Technical Analysis For Bank Nifty Today 23-07-2019 11:00:03

In 1 hour chart Bank Nifty price continues to trade at 29349.2 and below the (Exponential Moving Average)EMA200 value of 30635.4 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 30635.4 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 11:00:03

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 11:00:03 Bank Nifty trading at 29349.2 with high of 29429.4 and low of 29180

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