Bank Nifty Trend for 1st july 2019 for education purpose
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
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