July 25, 2016

Bank Nifty chart analysis

  • Month chart shows price at crucial resistance zone.
  • Daily chart is shown with the negative divergence. Negative divergence during this up move has not been that effective. corrections for negative divergence has been shallow and not trend changing.
  • Last chart shows daily chart with immediate support zone. Price if starts to trade below 23.6% Fib level will strengthen BN bears again.
  • NIFTY Weekend update


  1. waiting for your view, on nifty and bank nifty, normally our eyes don't see it

    1. I have updated nifty although there is nothing new to update as price is testing crucial resistance levels.