Technical Analysis For Bank Nifty Today 29-08-2019 21:00:04


In 1 hour chart Bank Nifty price continues to trade at 27305.1 and below the (Exponential Moving Average)EMA200 value of 28445.9 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 28445.9 is proving a tough nut to crack.

Pivot (invalidation): 27864

Our preference: Long positions above 28087.9

Alternative scenario: Below 27612.2 look for further downside.

Support Resistance Levels For Bank Nifty Today at 29-08-2019 21:00:04

Pivot: 27864

Resistance 1: 28087.9

Resistance 2: 28339.7

Resistance 3: 28563.6

Support 1: 27612.2

Support 2: 27388.3

Support 3: 27136.5

Yesterday High Low Close For Bank Nifty

Yesterday High: 28115.7

Yesterday Low: 27640

Yesterday Close: 27836.2

Today at 29-08-2019 21:00:04 Bank Nifty trading at 27305.1 with high of 27734.9 and low of 27246.8

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