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


In 1 hour chart Bank Nifty price continues to trade at 30457 and above the (Exponential Moving Average)EMA200 value of 29222.9 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 29222.9 is proving a tough nut to crack.

Pivot (invalidation): 30447.4

Our preference: Long positions above 30615.6

Alternative scenario: Below 30241.7 look for further downside.

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

Pivot: 30447.4

Resistance 1: 30615.6

Resistance 2: 30821.3

Resistance 3: 30989.5

Support 1: 30241.7

Support 2: 30073.5

Support 3: 29867.8

Yesterday High Low Close For Bank Nifty

Yesterday High: 30653

Yesterday Low: 30279.1

Yesterday Close: 30410

Today at 05-11-2019 11:00:04 Bank Nifty trading at 30457 with high of 30511.3 and low of 30288.1

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