Economic Nerd

Saturday, May 2, 2020

My analysis of BANKNIFTY

INSTRUMENT: BANKNIFTY

TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
30 min, 1 hr. 2 hr. 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: 21397
SL: 21458.70
TARGET 01: 21245
TARGET 02: 21177

My analysis of BANKNIFTY based on price action is that if BANKNIFTY does not close in green on Monday and comes down below 20137 then 19519 & 19280 may become reality.

My analysis of BANKNIFTY on www.tradingview.com

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Saturday, May 2, 2020

My analysis of BANKNIFTY

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