Nifty Bank Key Support & Resistance for 14th Sept 2021 Support Levels
Immediate Major Support1 level 36543 to 36468
2nd Major Support level 36258 to 36159
Resistance Levels
Immediate Major Resistance level 36849 to 36921
2nd Major Resistance level 37104 to 37144
Long Targets :
Target 1 : 36747 ( 208 Points) from Support level
Target 2 : 36843 ( 303) from Support level
if close above support
Target 3 :36929.15 ( 215 Points) Break out 1st Major Resistance
Short Targets
Target 1: 36545 ( 298 Points) If Rejection from 1st resistance
Target 2: 36252 ( 200 Points) If breakdown from 1st Support
Disclaimer: These levels are purely based on Price action/demand and supply zones, Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation.
Please consult your Financial Advisor for before making trading decision.
Niftybank
Drreddy - Elliott wave analysis - ABC zigzag in (B) wave bounceIt is in (B) wave correction as ABC, where A wave looks like forming impulse, so expecting one more high and then correction of B and one more leg higher as c of (B). Once it finished (B) again it will go down for (C) down in complex (W)(X)(Y) correction down.
NiftyMidcap50 - Elliott wave analysis - ABC correctionIt is in correction after completed ending diagonal and break down below the up trending channel. So it is expected to form ABC correction with invalidation level below 7823. If the current bounce of B wave will be sideways choppy, then there is a possibility of next C wave will go down further.
BankNifty Future 13 min Analysis - Aug 22 2021NSE:BANKNIFTY1!
Long-term Bias (Weekly): Neutral
Medium-term Bias (Daily): Neutral
Short-term Bias (195 Min): Bearish
At one stage in wanted to say "comprise" though I said "Compromise" please do not mind.
I explained is more in the video than typing here.
Hopefully this analysis make some sense for you.
Thanks,
Yogesh