Bank Nifty Pivot Point

...Bank Nifty Trend through Pivot Point

We are in the second half of the year, and Bank Nifty Trend is up.

In our analysis, we found Bank Nifty has made the short-term Pivot at the 31511 levels.

Bulls need to surpass this Pivot Point on the closing basis, for further rise.

Bank Nifty trend at present is up only, but everything needs a break to regain energy for a better entry.

On the lower side major Bank Nifty Pivot Point (Support) is located at 30595 levels. Any weekly close it can show us a drop of 800-1200 points.

The Bank Nifty bulls also need to keep watch on 31005 level for this week.

If they keep sustaining below that level, then Bank Nifty can re visit 30500 around levels in this week only.

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About the author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.