Bank Nifty Intraday Trade Setup for Wednesday 29th April 2020
Good Morning Everyone,
Bank Nifty has given a clear move then Nifty in Yesterday Trading session because of A sharp rally in banking and financial stocks but Question is it continue today ?
Resistance, support and technical view
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Bank Nifty i resistance is on 21500 and support is on 19500 also a Harmonic pattern in hourly time frame. Prz area is 20879. so we can see a correction from 20879-20900
Intraday Trade setup
====================
Buy Above if Index break 20950 and sustain above in first trading Hour
Sell: build a short if Index break 20500 and sustain
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Bank Nifty has given a clear move then Nifty in Yesterday Trading session because of A sharp rally in banking and financial stocks but Question is it continue today ?
Resistance, support and technical view
========================================
Bank Nifty i resistance is on 21500 and support is on 19500 also a Harmonic pattern in hourly time frame. Prz area is 20879. so we can see a correction from 20879-20900
Intraday Trade setup
====================
Buy Above if Index break 20950 and sustain above in first trading Hour
Sell: build a short if Index break 20500 and sustain
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
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