Economic Nerd: BANKNIFTY ::: Short

Monday, May 4, 2020

BANKNIFTY ::: Short

My analysis of BANKNIFTY

04 MAY 2020
INSTRUMENT: BANKNIFTY

TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
3 hr . and 4 hr.

INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish

End of day levels
CMP: 21478.45
Sell below: 19694.12
SL: 19799.94
TARGET 01: 19420.23
TARGET 02: 19303.15 - 19280

My analysis of BANKNIFTY is expected to gap down and will mull slowly down giving a sluggish move to sideways trend tomorrow. The problem will start If it stays below 19280 levels if so then we may see a bearish trend in BANKNIFTY for some more time.

My analysis of BANKNIFTY on www.tradingview.com

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Monday, May 4, 2020

BANKNIFTY ::: Short

My analysis of BANKNIFTY

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Post a Comment