Sunday, July 14, 2019

BANK NIFTY ANALYSIS 14072019

BANK NIFTY ANALYSIS 


Bank Nifty has a bearish flag formation on intra day  charts indicating a downfall in the succeeding trading session.Where the pattern has a support of 30,448 and resistance of 30,807.

The moving averages are giving a bearish signal where the prices are trading below all short term EMAs as well the 50 period EMA.

Bank Nifty had concluded the previous trading session on a negative note by closing below its 5 period EMA. The daily chart of same has also reversed its trend in previous trading sessions.











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