Bank Nifty Weekly Charts
Bank Nifty since the start of Jan 2017 had done a 1000 points+ recovery and moved up without much rotations on the daily charts. Trading Sentiment remains positive for the weekly timeframe as well as daily timeframe. However trading sentiment on the daily timeframe is at the extreme which could bring short term corrections or volatile sideways action.
Bank Nifty Daily Charts
LinTRA maintains positional sell on the Bank Nifty – 30 minute timeframe which indicates that further uptrend is possible only if bank nifty sustains above 19180-19200 zone
Update on 18th Jan 2017 – Post Market (Whipsaw in the Signal followed by Sell Signal Continuation)
Related Readings and Observations
What could Possibly Go wrong with Bank Nifty? – Part 2 Here is the historical PE-Ratio of Bank Nifty. This time there is a hockey stick growth in the banking index which is up by 10.42% during the month of March 2019 alone. In fact, touched […]
Nifty and Bank Nifty Trading at the Upper Extreme Nifty Futures and Bank Nifty Futures are trading in a sideways compression mode for quite some time in Jan 2019 series. Both Nifty Futures and Bank Nifty Futures are trading very close to […]
Extreme Positive Sentiment in Bank Nifty Futures Bank Nifty Futures tested an intraday high of 27425. Trading sentiment was getting into extreme which possibly indicates overbought levels.
Most of the Sectors Sentiment turned Negative Out of 28 sectors/indices that we are monitoring 25 sectors, daily sentiment turned negative since last Wednesday and only 3 sectors (Media, Pharma, Realty) are holding with positive […]
Nifty Futures Quick Flip Short Term Update Daily Sentiment continues to be in a positive mode for last three trading session. Quick Flip immediate support comes around 10750-1760 band. Current uptrend is almost 1290 minutes old and […]
What could Possibly Go wrong with Bank Nifty? Here is the historical PE-Ratio of Bank Nifty. Recently there is a hockey stick growth in PE ratio of Bank Nifty. NIFTY Bank Index comprises of the most liquid and 12 large Indian Banking […]
Vibhuti Jain says
January 18, 2017 at 9:27 amdear mr rajandran
how can i use matatrader/metastack software kindly guide me