Disclaimer My assumption is just for education purpose
Consult your financial analyst before taking any investment related decision.
27th June Thursday Bank Nifty had made a shooting star like candle and on 28th Friday bears were successful to push Bank Nifty below Thursdays low and formed a solid bearish engulfing marubozu type candle which shows bearish trend confirmation.
But I am expecting a Neutral Range Bound day for bank nifty on 1st of july
Bank Nifty 31000 30900 can act as a crucial support level for the bank nifty index
Whereas the 31200 31300 314000 can act as a resistance level
1 Hour MACD is in bullish range and the price is still trading above 1 hour 50, 100, 200 Exponential moving averages
Consult your financial analyst before taking any investment related decision.
27th June Thursday Bank Nifty had made a shooting star like candle and on 28th Friday bears were successful to push Bank Nifty below Thursdays low and formed a solid bearish engulfing marubozu type candle which shows bearish trend confirmation.
But I am expecting a Neutral Range Bound day for bank nifty on 1st of july
Bank Nifty 31000 30900 can act as a crucial support level for the bank nifty index
Whereas the 31200 31300 314000 can act as a resistance level
1 Hour MACD is in bullish range and the price is still trading above 1 hour 50, 100, 200 Exponential moving averages