Technical Analysis For Bank Nifty Today 13-08-2019 23:00:04

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In 1 hour chart Bank Nifty price continues to trade at 27730 and below the (Exponential Moving Average)EMA200 value of 29255.3 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell 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 29255.3 is proving a tough nut to crack.

Pivot (invalidation): 28480.8

Our preference: Long positions above 28626.9

Alternative scenario: Below 28342.8 look for further downside.

Support Resistance Levels For Bank Nifty Today at 13-08-2019 23:00:04

Pivot: 28480.8

Resistance 1: 28626.9

Resistance 2: 28764.8

Resistance 3: 28911

Support 1: 28342.8

Support 2: 28196.7

Support 3: 28058.8

Yesterday High Low Close For Bank Nifty

Yesterday High: 28618.7

Yesterday Low: 28334.6

Yesterday Close: 28489

Today at 13-08-2019 23:00:04 Bank Nifty trading at 27730 with high of 28372.1 and low of 27685.1

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