Bank Nifty Trend Today Technical Analysis for 02-12-2019 11:00:04

by wealthmann

December 2, 2019

8

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

Our preference: Long positions above 32128.9

Alternative scenario: Below 31836.1 look for further downside.

Support Resistance Levels For Bank Nifty Today at 02-12-2019 11:00:04

Pivot: 31975

Resistance 1: 32128.9

Resistance 2: 32267.8

Resistance 3: 32421.8

Support 1: 31836.1

Support 2: 31682.1

Support 3: 31543.2

Yesterday High Low Close For Bank Nifty

Yesterday High: 32113.8

Yesterday Low: 31821

Yesterday Close: 31990

Today at 02-12-2019 11:00:04 Bank Nifty trading at 31840.4 with high of 32021.5 and low of 31800