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


In 1 hour chart Bank Nifty price continues to trade at 31865 and above the (Exponential Moving Average)EMA200 value of 30881.9 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 30881.9 is proving a tough nut to crack.

Pivot (invalidation): 31745.5

Our preference: Long positions above 31901.1

Alternative scenario: Below 31568.4 look for further downside.

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

Pivot: 31745.5

Resistance 1: 31901.1

Resistance 2: 32078.2

Resistance 3: 32233.7

Support 1: 31568.4

Support 2: 31412.9

Support 3: 31235.8

Yesterday High Low Close For Bank Nifty

Yesterday High: 31922.6

Yesterday Low: 31589.9

Yesterday Close: 31724

Today at 04-12-2019 12:00:03 Bank Nifty trading at 31865 with high of 31921.7 and low of 31512

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