Bank Nifty Trend Today Technical Analysis for 11-10-2019 20:00:04


In 1 hour chart Bank Nifty price continues to trade at 28135 and below the (Exponential Moving Average)EMA200 value of 28504.9 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 28504.9 is proving a tough nut to crack.

Pivot (invalidation): 28278.2

Our preference: Long positions above 28563.3

Alternative scenario: Below 27885.1 look for further downside.

Support Resistance Levels For Bank Nifty Today at 11-10-2019 20:00:04

Pivot: 28278.2

Resistance 1: 28563.3

Resistance 2: 28956.4

Resistance 3: 29241.5

Support 1: 27885.1

Support 2: 27600

Support 3: 27206.9

Yesterday High Low Close For Bank Nifty

Yesterday High: 28671.3

Yesterday Low: 27993.2

Yesterday Close: 28170.2

Today at 11-10-2019 20:00:04 Bank Nifty trading at 28135 with high of 28719.8 and low of 27810.7

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