Sheetal Rijhwani
@RijhwaniSheetal
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https://telegram.me/LearningBetterbySheetal/13259 18-09-2016 07:41:26
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#BankNifty
Since March 27th, BankNifty has, for the first time, broken the previous day's low and closed below it. Additionally, it is moving within a rising channel in the daily timeframe. While it has attempted to break its all-time high (ATH), it has been unable to sustainā¦
#BankNifty
Since March 27th, BankNifty has, for the first time, broken the previous day's low and closed below it. Additionally, it is moving within a rising channel in the daily timeframe. While it has attempted to break its all-time high (ATH), it has been unable to sustainā¦
#BankNifty has reached its previous all-time high 48650 and is currently trading near that resistance level. Typically, it does not break through important resistances in one go. It may either trade sideways for a while or give a small pullback before making further moves.ā¦
#BankNifty
After breaking the all-time high, it is still moving slowly. We need to see if it can break the high of the past two days this week and sustain its upward momentum. The immediate support is at 48500-650. If the market opens with a gap down due to the US market.. weā¦