Bank Nifty at present trading near resistance price area, where the bears might come back, and we may see a pause or pullback in the current upswing.

On the Daily chart, we had seen before also here, how precisely our (Orange) angled line defines the trend and gave us quick reversal also in last week and know if we draw another angle in that same unique way like our before one (Orange), we see that (Blue) angled line again gave us nice entry on last Tuesday on state election day result.

26920-27055, is the critical price area for bulls & support at downside is at 26500 / 26150.

However, in case if bulls successfully trade above the mentioning resistance area, then we may see more rise towards the 27300 / 27650.

Note: Above mention Price projection & other Information are for educational purpose only.

As posted in the last analysis: 10765 will act as significant resistance above which move towards 10850 / 10920 / 11075 can be seen & 10620 will act as support below which move towards 10560 / 10480 / 10350 can be seen.

Note: Above mention price projection & other Information are for educational purpose only.

Last week we saw how our Simple & Unique "Angled line" tool was keeping us with the trend & we also expected that below that we can see a downturn.

Our unique "Angled line" tool has served us well & it gets break on last week Wednesday & from there till today it has fallen nearly 350 points, well what matters most here is alert of the up-coming downturn which we get and well before the general crowd.

As tomorrow we have a big event of state election result declaration, due to which there can be massive volatility in the markets & which can remain for the whole week too.

Below I'm mentioning significant levels which will stay in focus for the next few sessions.

Resistance - 10700/11850/10990

​Support - 10400/10150/9980

Note: Above mention price projection & other Information are for educational purpose only.

As posted in last analysis: 10975 will act as strong resistance above which move towards 11050 / 11150 / 11300 can be seen & 10800 will act as support below which move towards 10720 / 10600 can be seen.

Note: Above mention price projection & other Information are for educational purpose only.

Note: Above mention price projection & other Information are for educational purpose only.

As posted in last analysis: 10490 will act as support below which move towards 10440 / 10370 / 10290 can be seen & 10632 act as resistance above which rise back towards 10700 / 10770 / 10890 can be seen.

Note: Above mention price projection & other Information are for educational purpose only.

As posted in last analysis: We are progressing towards Important cycle (next two weeks will be important, as I've measure the period on weekly time frame), which may show us turn or pause in the current ongoing uptrend.

Note: Above mention price projection & other Information are for educational purpose only.

As posted in last analysis: 10632 will act as resistance above which move towards 10700 / 10785 / 10910 can be seen, and 10560 will act as support below which move towards 10490 / 10420 / 10300 can be seen.

Overall it will be important to note that the present structure of the market is on positive side at least on a short-term basis; however, coming days & weeks will add more clues in this.

Note: Above mention Price projection & other Information are for educational purpose only.

Bank Nifty is approaching towards important resistance price area, where the bears might come back, and we may see a pause or pullback in the current upswing.

Bank Nifty Time & Price Resistance Area...

Note: Above mention Price projection & other Information are for educational purpose only.

As posted in last analysis: Now next week, 10566 will act significant resistance above which move towards 10630 / 10695 / 10780 can be seen & 10500 will work as support be below which move towards 10430 / 10360 / 10240 can be seen.

Note: Above mention Price projection & other Information are for educational purpose only.