Bank Nifty Trend Today Technical Analysis for 06-11-2019 16:00:04

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In 1 hour chart Bank Nifty price continues to trade at 30675 and above the (Exponential Moving Average)EMA200 value of 29341.6 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 29341.6 is proving a tough nut to crack.

Pivot (invalidation): 30318.3

Our preference: Long positions above 30479.5

Alternative scenario: Below 30125.3 look for further downside.

Support Resistance Levels For Bank Nifty Today at 06-11-2019 16:00:04

Pivot: 30318.3

Resistance 1: 30479.5

Resistance 2: 30672.5

Resistance 3: 30833.8

Support 1: 30125.3

Support 2: 29964

Support 3: 29771

Yesterday High Low Close For Bank Nifty

Yesterday High: 30511.3

Yesterday Low: 30157

Yesterday Close: 30286.5

Today at 06-11-2019 16:00:04 Bank Nifty trading at 30675 with high of 30771.1 and low of 30054.6

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