Technical Analysis For Bank Nifty Today 30-08-2019 14:00:02


In 1 hour chart Bank Nifty price continues to trade at 27430.2 and below the (Exponential Moving Average)EMA200 value of 28383.3 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 28383.3 is proving a tough nut to crack.

Pivot (invalidation): 27428.9

Our preference: Long positions above 27611

Alternative scenario: Below 27123 look for further downside.

Support Resistance Levels For Bank Nifty Today at 30-08-2019 14:00:02

Pivot: 27428.9

Resistance 1: 27611

Resistance 2: 27917

Resistance 3: 28099.1

Support 1: 27123

Support 2: 26940.9

Support 3: 26634.9

Yesterday High Low Close For Bank Nifty

Yesterday High: 27734.9

Yesterday Low: 27246.8

Yesterday Close: 27305.1

Today at 30-08-2019 14:00:02 Bank Nifty trading at 27430.2 with high of 27685.5 and low of 27159.9

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