Bank Nifty Trend Today Technical Analysis for 08-11-2019 20:00:04


In 1 hour chart Bank Nifty price continues to trade at 30785 and above the (Exponential Moving Average)EMA200 value of 29523 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 29523 is proving a tough nut to crack.

Pivot (invalidation): 30670.8

Our preference: Long positions above 30870.7

Alternative scenario: Below 30498.8 look for further downside.

Support Resistance Levels For Bank Nifty Today at 08-11-2019 20:00:04

Pivot: 30670.8

Resistance 1: 30870.7

Resistance 2: 31042.6

Resistance 3: 31242.5

Support 1: 30498.8

Support 2: 30298.9

Support 3: 30127

Yesterday High Low Close For Bank Nifty

Yesterday High: 30842.8

Yesterday Low: 30470.9

Yesterday Close: 30698.8

Today at 08-11-2019 20:00:04 Bank Nifty trading at 30785 with high of 31099 and low of 30497.2

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