NiftyBank as of 8th Nov 2019

BankNifty Spot - On daily chart 30400 is important level, if it is broken more downside.



27571-28858=1287
28858-27743=1115
27743-30414=2671(>200%)
30414-30016=398
0-3=2843
30016->30687(23.6%)/31102(38.2%) -done@31108?

From 31108 in 5 min chart -

31108-30859=249
30859-30980
30980->30672(123.6%)/30557(161.8%) - done @30681?
30681->30752/30795/30866(61.8%) - should stay below 30859
-> ~30860->30600?

If open positive and stays below 30900(preferably 30859 ) then it's shorting opportunity.
Short below 30680, confirmation 30575. Long above 30860.


Nifty Spot - short below 11890, long above 11950(or 11980).