x
Breaking News
0

Bank Nifty Keeps Bulls In The Hunt

By Elearnmarkets Market OverviewSep 13, 2017 17:49
in.investing.com/analysis/bank-nifty-keeps-bulls-in-the-hunt-200197473
Bank Nifty Keeps Bulls In The Hunt
By Elearnmarkets   |  Sep 13, 2017 17:49
Saved. See Saved Items.
This article has already been saved in your Saved Items
 


Bank Nifty opened above its 5 Day High EMA (24726 approx) today the 13th of September. The Index traded in a range of 207 points throughout the day and closed above the upper range of the Bollinger Band (24781 approx).

Hourly Technicals:
In the Hourly Chart, Bank Nifty has closed near its 5 Hour Low EMA of (24832 approx).The Index is likely to face immediate resistance around (24979 approx) mark.If Bank Nifty breaks above 25000, the next resistance area will be (25200 approx).

Hourly RSI and CCI stands perfectly poised at the higher end of the normal range while the ADX is indicating that volatility is on the cards.

Nifty Hourly Chart
Nifty Hourly Chart

Figure: Bank Nifty Hourly Chart

Daily Technicals:
The daily chart indicates that Bank Nifty has closed above the 5 day high EMA of (24727 approx). If the Index breaks above the 25000 mark, the next resistance will be 25200. On the downside however, if Bank Nifty breaks and closes below its 5 Day high EMA (24725 approx), it could find support at the lower end of the 5 EMA(24525 approx).

The daily RSI and CCI indicator has closed near the upper end of the normal range.The ADX however indicates lack of momentum.

Nifty Daily Chart
Nifty Daily Chart

Figure: Bank Nifty Daily Chart

Bank Nifty Tech Table
Bank Nifty Tech Table

Figure: Bank Nifty Tech Table

You can also view the Original Report here.

Disclaimer:

Elearnmarkets wants to inform you that this post/video is solely for educational purpose. We are not advising any trading or investment ideas. We want to add that the data/indicator/signals contained in this website/post/video are not necessarily real-time nor accurate. All CFDs/traded instruments (stocks, indexes, futures, commodities) and Forex prices are not provided by exchanges but rather by web based charting platforms, and so prices/indicators may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading or investing purposes. Therefore, Elearnmarkets doesn`t bear any responsibility for any trading losses you might incur as a result of using this data/ indicators/charting platform. This analysis is purely based on the technical observations and not meant for investing with real money. Elearnmarkets does not have any position in the market. One can create position in market at his/her own risk.

Elearnmarkets or anyone involved with Elearnmarkets will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals/discussions contained within this website/post. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Bank Nifty Keeps Bulls In The Hunt
 

Related Articles

Bank Nifty Keeps Bulls In The Hunt

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
Write your thoughts here
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email