Crude Oil Update & Bank Nifty Resistance
Crude shown selling pressure near and just a bit above our projected area, but impact and magnitude was shallow as compared to the other two zones on the left side.
Bank Nifty Resistance Ahead
In our last post on “Bank Nifty,” we interpret that trend is still up, and Bank Nifty took support exactly from near to our support level and has surged nearly 800 points.
Now, Bank Nifty is moving towards significant resistance’s 27880-950 will be first important resistance, but I think its importance will be low and above that 28150-28210 will be the next vital resistance where we may see some good pullback in bank nifty.
Note: Above mention price projection & other Information are for educational purpose only.