Bank Nifty Trend Today Technical Analysis for 12-11-2019 21:00:05


In 1 hour chart Bank Nifty price continues to trade at 31160.8 and above the (Exponential Moving Average)EMA200 value of 29612.7 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 29612.7 is proving a tough nut to crack.

Pivot (invalidation): 30793.7

Our preference: Long positions above 31090.3

Alternative scenario: Below 30488.5 look for further downside.

Support Resistance Levels For Bank Nifty Today at 12-11-2019 21:00:05

Pivot: 30793.7

Resistance 1: 31090.3

Resistance 2: 31395.5

Resistance 3: 31692.1

Support 1: 30488.5

Support 2: 30191.9

Support 3: 29886.7

Yesterday High Low Close For Bank Nifty

Yesterday High: 31099

Yesterday Low: 30497.2

Yesterday Close: 30785

Today at 12-11-2019 21:00:05 Bank Nifty trading at 31160.8 with high of 31206.3 and low of 30614.3

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