karan_bagri

Why Banknifty is in a Range

NSE:BANKNIFTY   Nifty Bank Index
Banknifty is trading between a range of 37000-35750. In today's session we saw index dropping till 35750 and then reversed back to close above 36000. There are multiple Camerilla Support levels which will hold banknifty from falling, 35750 is one of them that's why index saw reversal. 37000 has been proven as a psychological resistance level, and a gap which was created between 13-18April is working as a resistance zone now. Now talking about further actions we might see prices swinging between these ranges as stated and breakout of any of these level will take index to another territory.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.