What does a sharp profit booking in the last leg of trade indicate for Bank Nifty? 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 / Wednesday, June 22, 2022 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. Read more
Why Tuesday's session is significant to watch out for Bank Nifty; know here! Why Tuesday's session is significant to watch out for Bank Nifty; know here! Keep a close watch on Tuesday's price action as we could see this counter-trend rally extending for the next couple of trading sessions if it gets the confirmation of a hammer candle. Karan Dsij / Tuesday, June 21, 2022 0 465 Article rating: 4.8 Bank Nifty moved above the prior day's high but it failed to sustain at higher levels as profit booking emerged at higher levels. Read more
Can Bank Nifty lift the spirits of bulls? Know the key levels to watch out for today! Can Bank Nifty lift the spirits of bulls? Know the key levels to watch out for today! A move above 32,890 is positive and it can test 5-EMA of 33,189. Karan Dsij / Monday, June 20, 2022 0 429 Article rating: 5.0 After a sharp decline, Bank Nifty was able to close in the green on Friday. It closed at the lowest level after May 2021, which is below the prior swing low. Read more
Bank Nifty closed below its prior swing low; what next? Bank Nifty closed below its prior swing low; what next? Bank Nifty futures volume indicates massive selling pressure. Karan Dsij / Friday, June 17, 2022 0 437 Article rating: 5.0 On Thursday, Bank Nifty declined by a humongous 722 points or 2.17 per cent. With this sharp fall, it closed below its prior swing low, which was last marked in mid-May. Read more