Crude Oil Update & Bank Nifty Resistance

Update on Crude Oil & Bank Nifty Resistance ahead...

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…

Update on Crude Oil & 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 Niftyis 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.

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.