Bank Nifty Trend Today Technical Analysis for 02-12-2019 11:00:04
by wealthmann
December 2, 2019
13
In 1 hour chart Bank Nifty price continues to trade at 31840.4 and above the (Exponential Moving Average)EMA200 value of 30735 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 30735 is proving a tough nut to crack.
Pivot (invalidation): 31975