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Bank Nifty

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Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Technical Indicators Beyond Technical Analysis BANKNIFTY rbi SWAP ichimokuscholar ichimokucenter ichimokuexpert ichimokuwave
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trendanalysis indicator beyondta banknifty rbi swap ichimokuscholar ichimokucenter ichimokuexpert ichimokuwave
Bank Nifty has attempted a bounce today after testing 62% retracement of its move from FEB 2016 low. For it start a meaningful rally it 1st needs a consolidation which could happen between 26000-22500. Failure to hold today's low opens the passage for 19000. A downtrend halts & changes 1st with swings then an uptrend starts, whichever time frame you look at it. If its V shape then be prepared that its a trap. RBI's move yesterday (Dollar Swap) to provide liquidity is a +ve indicator
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