Bank Nifty Trend Today Technical Analysis for 04-11-2019 23:00:05


In 1 hour chart Bank Nifty price continues to trade at 30410 and above the (Exponential Moving Average)EMA200 value of 29186.2 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell 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 29186.2 is proving a tough nut to crack.

Pivot (invalidation): 30308.8

Our preference: Long positions above 30541.6

Alternative scenario: Below 30172.6 look for further downside.

Support Resistance Levels For Bank Nifty Today at 04-11-2019 23:00:05

Pivot: 30308.8

Resistance 1: 30541.6

Resistance 2: 30677.8

Resistance 3: 30910.6

Support 1: 30172.6

Support 2: 29939.8

Support 3: 29803.6

Yesterday High Low Close For Bank Nifty

Yesterday High: 30445

Yesterday Low: 30076

Yesterday Close: 30405.4

Today at 04-11-2019 23:00:05 Bank Nifty trading at 30410 with high of 30653 and low of 30279.1

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