Archive Daily Archives: January 17, 2019

Bank Nifty Trading at Critical Angle

At present Bank Nifty Trading at Critical Angle, & today will discuss, what are that important factors which we should keep in mind for upcoming days. 

Bank Nifty Trading at Critical Angle

In our last Bank Nifty analysis, we expected it to take resistance near 26880-950 & 28150-210, but Bank Nifty started showing weakness before that only.

Well, now at present Bank Nifty is hovering around & taking support from important angle line, same seen in the above chart.

Holding, below that angled line, can show us a further drop in the price, of around 500-700 points, and maybe more.

In the present time, Nifty is showing range bound move & Bank Nifty is showing some trending movement, so at present, we are focusing on Bank Nifty index.

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

Posted by Divesh
January 17, 2019

Nifty Intraday View 17th Jan

As posted in the last analysis: 10950-10975 zone will be watching area, as over there next we have next important angle plus, that area is also near to the 11000 level which is strong weekly resistance.

Click on the chart to enlarge

Yesterday Nifty made the high exactly on the angle as the same can be seen in the above chart, the view is still same, 10950-10975 is resistance area, followed by 11000 level of weekly resistance.

Critical Support for today in intraday is at 10860 / 10800 & Resistance is at 10949 / 10999 / 11099.

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

Posted by Divesh
January 17, 2019