BANK NIFTY Weekend Update

• First chart shows Resistance level for bank nifty in daily chart which is 11900 level.
• Next chart shows the range of in which Bank Nifty is trading which is 11540 - 11900. Break from this range will give good direction.
• 3rd Chart shows MACD in daily time frame Which may give a sell signal. But in Week time frame MACD is looking Positive for Bulls.
• Weekly candle looks like a Shooting star, Candle has come near the 50 % Fib level too. So this candle may give bearish Price action.
• CRUDE OIL ANALYSIS: CLICK HERE