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