Bank Nifty Index technical analysis chart updated for 02nd December 2015, Wednesday.

BANK NIFTY

Stock finding strong trend line resistance around 17500 as shown in above image, further price rise can be seen once it closes and holds above 17500.

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Intraday Bank Nifty Index looks good if it holds above 17500.

Will find resistance around 17700, 17900.

S.L - 17400.

BANK NIFTY INDEX witnessing selling pressure from 50% fibonacci retracement

BANK NIFTY CHART

Charts updated for - 23rd February 2015.

• Bank Nifty Index currently witnessing selling pressure from 50% fibonacci retracement resistance around 19580, technical charts indicates further strength can be seen once Index closes and holds above 50% fibonacci retracement. Close Watch.
• Technical Analysis On Nifty Futures.

BANK NIFTY moving up from strong trend line support zone, Index will find resistance around 19266.

BANK NIFTY CHART

Charts updated for - 16th February 2015.

• Bank Nifty Index moving up from strong trend line support zone, bulls will be favored as long as Bank Nifty holds above.
• If Index moved up from current levels then Index will find strong resistance around 19580 & 19900.
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• Nifty Technical chart.

BANK NIFTY Index moving up from strong trend line support, will favor bulls as long as it holds above 18226.

BANK NIFTY CHART

Charts updated for - 11th February 2015.

• Index moving up from strong trend line support zone, chart indicates as long it holds above 18226 bulls will be favored.
• Weakness expecting once it closes and holds below 18226.
• Index also moving and holding above 100 DMA, this indicates bulls will be favored.
• Visit link for free Nifty Index chart with auto buy and sell signals.

BANK NIFTY closed below golden ratio, further weakness can be seen in coming days.

BANK NIFTY CHART

Charts updated for - 10th February 2015.

• Index has closed below its major support i.e golden ratio. Chart indicates as long as Bank Nifty holds below its golden ratio support zone bears will be favored.
• On down side Index will now find strong support around 18211 (level as per line analysis). Bulls have some hopes for bounce back, if Index fails to bounce back and closed below 18211 then further price fall can be seen. Close Watch.
• Click here to read article on - What is Nifty and Nifty Futures.

BANK NIFTY facing golden ratio support at current levels @ 18740.

BANK NIFTY FUTURES CHART

Charts updated for - 09th February 2015.

• Index is finding 50 DMA support at current levels.
• Bank Nifty also facing golden ratio support @ 18740, chart indicates bulls have some hopes for bounce back. But once Index closes and holds below its golden ratio then further weakness can be seen in coming days. Close Watch.
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BANK NIFTY INDEX chart techncial analysis index tips - Index had made a bullish breakout , and is now on bull run, will now find next strong resistance around 16600. (Updated on 11th September 2014, Thursday).

BANK NIFTY

• As per previous report published on BANK NIFTY , Index is on bull move after breaking its resistance @ 15750. And so far index made an high around 16200. (Click here to see previous report published on BANK NIFTY INDEX).
• Now as per current technical charts no1, Index is on bull run after breaking its head and shoulder formation, so far Bank Nifty looks bullish as long as it holds above its previous resistance trend line.
• Also see - BANK OF BARODA has formed  head and shoulder pattern, will favor bulls once closes above its golden ratio.
• As per graph no2, BANK NIFTY is moving up from strong trend line support, from last 3 times Index moved up from its trend line, as long as holds above bulls will be favored .. but once it closes below then index will show first sign of weakness.
• Suggested Reading - National saving certificate of India.
• On upper side Index will find resistance around 16600 161.8% fibonacci retracement.
• Click here to see all the free trading reports (tips) published by us on BANK NIFTY INDEX.
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BANK NIFTY INDEX Trading Tips - Index moving up from trend line and fibonacci retracement support zone , further buying expecting once closes above 15750 - As per technical analysis charts point of view. (Updated On 23rd July 2014, Wednesday).

• As per previous report published - BANK NIFTY INDEX gave a strong 250 pts weakness after coming out from its range bound zone and touched its 23.6% fibonacci retracement support zone of 14,400 level. (Click here to read previous report on BANK NIFTY INDEX).
• Now Daily chart indicates BANK NIFTY INDEX is moving up from 23.6% fibonacci retracement and strong trend line support zone, as long as holds above BANK Index will favor bulls.
• Daily chart also indicates Index will be facing strong trend line resistance (previous top) around 15750, once index closes above 15750 and stays above then further strength is expecting and index can move up higher. 
• Intraday close watch once index starts trading above 15750, Once starts trading above 15750 and stays above then intraday bull action is expecting in BANK NIFTY.
• Once stock closes above 15750 and if stays above then Bank Index will find next resistance around 16600 (161.8% fibonacci retracement) as shown above in chart.

BANK NIFTY TRADING TIPS - Stuck in a range and facing strong resistance at current levels. (Updated On 11th July 2014, Friday).

• BANK NIFTY FUTURE hourly chart indicates that it is stuck in a range of 15800 - 14650, once it come out of its range with volumes then sharp move is expecting till then intraday trend will be mix for bank nifty. Hourly chart also indicates that bank nifty is trading below 200 hours moving average, that will favor bears.
• Daily chart of bank nifty indicates  that if BANK NIFTY falls from current levels then will find strong 23.6%  fibonacci retracement support around 14400.
• (Short term trend) - Weekly chart indicates that bank nifty facing strong trend line resistance and too facing 261.8%  fibonacci retracement (nearby). If breaks its support in daily and hourly chart then we can see some selling in bank index.
• (Long term trend) - Monthly chart indicates that after making a bullish breakout index is on up move and will find  its 161.8%  fibonacci retracement around 16500 in long run. (as shown above).

Free Stock Tips - BANK NIFTY moving in a range. Updated on 09th June 2014 (Monday).

• BANK NIFTY INDEX moving in a range, close watch once comes out in a range will give sharp move.
• BANK NIFTY also moving above 20 days moving average, indicates will favor bulls as long as stays above.
• If breaks range on upper side then will face 161.8% fibonacci retracement resistance around 16500.

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Time :- 08th June 2014 (Sun.), 06:30 am