Bank Nifty on the verge of trendline breakout; know the key breakout level!
Bank Nifty on the verge of trendline breakout; know the key breakout level!

Bank Nifty on the verge of trendline breakout; know the key breakout level!

A move above 34,355 is positive, and it can test 34,565. However, a move below 34,200 is negative, and it can test 33,980.

Karan Dsij Article rating: 3.2

On Wednesday, Bank Nifty jumped 1.5 per cent and closed decisively above the important psychological mark of 34,000.

After a dashing performance on Friday, D-Street bulls likely to put their hope on Bank Nifty; know why!
After a dashing performance on Friday, D-Street bulls likely to put their hope on Bank Nifty; know why!

After a dashing performance on Friday, D-Street bulls likely to put their hope on Bank Nifty; know why!

A move above 33,670 is positive and it can test 33,900. However, a move below 33,400 is negative, and it can test 33,150.

Karan Dsij Article rating: 4.5

Bank Nifty has closed flat to negative on a weekly basis. On the weekly chart, it has formed a bearish candle as its closing was below the opening level but carries a long lower shadow, which indicates buying demand at lower levels.

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

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 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.

Find out which level is crucial for Bank Nifty after a volatile day!
Find out which level is crucial for Bank Nifty after a volatile day!

Find out which level is crucial for Bank Nifty after a volatile day!

he current price structure has taken shape of a pennant-like pattern, which is a continuation pattern.

Karan Dsij Article rating: 4.3

Bank Nifty has formed a long-legged small body candle. After over 800 points of volatility, it failed close above the 8-EMA.

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!

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 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.  

Bank Nifty closed below its prior swing low; what next?
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 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.

DSIJ MINDSHARE

Mkt Commentary8-Aug, 2022

Multibaggers9-Aug, 2022

Mindshare9-Aug, 2022

Multibaggers8-Aug, 2022

Mindshare8-Aug, 2022

ads

Knowledge