Bank Nifty Intraday Outlook
Pattern: Falling Downward channel formation
Crucial Support Zones: 37000-36825-36600
Crucial Resistance Zones: 37525-37800-37960
Comments: The important pivot level, which will act as crucial support for the index, is placed at 36,797, followed by 36,321. On the upside, key resistance levels are placed at 37,598 and 37,924 levels.
Nifty Intraday Outlook
Pattern: Bearish Head and Shoulder formation (daily chart)
Crucial Support Zones: 17525-17485-17400
Crucial Resistance Zones: 17710-17800-17890
Comments: Markets witnessed a positive day of trade, with the benchmark index bouncing back from its crucial 100Dema. Nifty marginally outperformed the Bank Nifty by ~0.1% with both the in-dices closing in the green.
Pivot Levels
Daily market statistics
Daily market statistics
Disclaimer
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