Good Morning everyone,
Bank Nifty is follow Nifty Trend in short term and long term as well because some high wattage stock of Bank nifty is keep high stake in Nifty as well so it's Impact directly.
Resistance
-----------------------
Bank Nifty major resistance area is 21472 which is also a B point for our one of our Harmonic pattern which is made in hourly time frame,
Support
---------------
Bank Nifty key support can found on 18700
Trade setup for 20th April 2020
==================================
1- We're also bullish in Bank nifty for today and buying side has 2 points.
A- If you see a gap down and price test 20000-20200 in first trading session at first half then go and build a long from this price level.
B- Second buy position can come if Index bullish in first half and break the Friday high which is 20827. Consider 20900 to build your long
2- Sell Bank nifty if 20600 break in Intraday.
Good luck and happy Trading
CodeViser
Bank Nifty is follow Nifty Trend in short term and long term as well because some high wattage stock of Bank nifty is keep high stake in Nifty as well so it's Impact directly.
Resistance
-----------------------
Bank Nifty major resistance area is 21472 which is also a B point for our one of our Harmonic pattern which is made in hourly time frame,
Support
---------------
Bank Nifty key support can found on 18700
Trade setup for 20th April 2020
==================================
1- We're also bullish in Bank nifty for today and buying side has 2 points.
A- If you see a gap down and price test 20000-20200 in first trading session at first half then go and build a long from this price level.
B- Second buy position can come if Index bullish in first half and break the Friday high which is 20827. Consider 20900 to build your long
2- Sell Bank nifty if 20600 break in Intraday.
Good luck and happy Trading
CodeViser
Telegram: t.me/Virupandey81
Website: vpcapitalresearch.com
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Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
Youtube: youtube.com/@Virendrapandey81
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram: t.me/Virupandey81
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
Youtube: youtube.com/@Virendrapandey81
Website: vpcapitalresearch.com
Follow us on Twitter: twitter.com/Virupandey81
Youtube: youtube.com/@Virendrapandey81
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.