DSIJ Mindshare

Bank Nifty forms a bearish belt hold candlestick pattern; know the significant support level to watch out for!

Bank Nifty has formed a bearish candle and took support at the MA ribbon.

Karan Dsij 0 416 Article rating: 5.0

Bank Nifty found resistance around the 20-DMA and thereafter, it declined 400 points from the day’s high before settling with a modest gain of over half a per cent.

Is Bank Nifty ready for an impulsive move? Know the crucial levels to watch out for intraday trades!

Unless it closes above 33,110, it is better to avoid long positions.

Karan Dsij 0 481 Article rating: 4.0

Bank Nifty on Wednesday closed in negative terrain and confirmed the previous day's shooting star candle. It has also moved below the previous day's low during the day.  

What does a sharp profit booking in the last leg of trade indicate for Bank Nifty?

In the last leg of the trade, profit booking emerged and Bank Nifty slipped over 400 points from the day’s high, resulting in the formation of a shooting star kind of a candlestick pattern on the daily chart.

Karan Dsij 0 439 Article rating: 4.8

Bank Nifty opened around the 33,000 mark and made a low of 32,800 but at lower levels, buying interest was seen.

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