Bank Nifty Trend Today Technical Analysis for 03-12-2019 18:00:04

by wealthmann

December 3, 2019

5

In 1 hour chart Bank Nifty price continues to trade at 31724 and above the (Exponential Moving Average)EMA200 value of 30842.6 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 30842.6 is proving a tough nut to crack.

Pivot (invalidation): 31909.8

Our preference: Long positions above 32036.7

Alternative scenario: Below 31798.2 look for further downside.

Support Resistance Levels For Bank Nifty Today at 03-12-2019 18:00:04

Pivot: 31909.8

Resistance 1: 32036.7

Resistance 2: 32148.3

Resistance 3: 32275.2

Support 1: 31798.2

Support 2: 31671.3

Support 3: 31559.7

Yesterday High Low Close For Bank Nifty

Yesterday High: 32021.5

Yesterday Low: 31783

Yesterday Close: 31925

Today at 03-12-2019 18:00:04 Bank Nifty trading at 31724 with high of 31922.6 and low of 31589.9