Bank Nifty Trend Today Technical Analysis for 09-10-2019 21:00:05


In 1 hour chart Bank Nifty price continues to trade at 28894.6 and above the (Exponential Moving Average)EMA200 value of 28544.7 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Buy overview conditioned by the price stability above

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

Even so, the 200-candle Exponential moving average (EMA) price range of 28544.7 is proving a tough nut to crack.

Pivot (invalidation): 27934

Our preference: Long positions above 28207.9

Alternative scenario: Below 27596.1 look for further downside.

Support Resistance Levels For Bank Nifty Today at 09-10-2019 21:00:05

Pivot: 27934

Resistance 1: 28207.9

Resistance 2: 28545.9

Resistance 3: 28819.8

Support 1: 27596.1

Support 2: 27322.2

Support 3: 26984.2

Yesterday High Low Close For Bank Nifty

Yesterday High: 28271.9

Yesterday Low: 27660.1

Yesterday Close: 27870

Today at 09-10-2019 21:00:05 Bank Nifty trading at 28894.6 with high of 28982.9 and low of 27778.6

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