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IDX:NIFTY BANK Share Price Discussion

Nifty Bank Index aka BankNifty
NSE: IDX:NIFTY BANK | BSE: null | ISIN: null | Sector: Banks
M
Reputation: 3,926 • Sep 22 1:38 AM

Expiry Thursday
Today nifty formed a virgin cpr .mark this level .it may prove to be imp support or resistance for tomorrow
If u use the indicator cpr for today tomorrow ,u will notice that nifty bank today's cpr is completely engulfing tomorrow's cpr.It is an indication that a big move may come on either side.The logic behind it being today there was a fight between bears and bulls without any conclusion and tommorow either side may win.
Also tomorrow being expiry either call or put shorters will be trapped which will cause a big move
Best of luck for the expiry
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IDX:NIFTY BANK price when posted: 36,990.9
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Recent posts in IDX:NIFTY BANK

IS THE MARKET OVERBOUGHT OR AT PEAK?
IT MAY BE THE BEGINING OF NEW RALLY..
YES, AND THIS RALLY WILL BE LEAD BY #NIFTYBANK AND BANKING STOCKS.
KEEP EYE ON #NIFTYBANK IF HOLDS ABOVE 39400.
IT CAN BECOME MAD BULL RUN THIS TIME.
DON'T GO SHORT.
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M
Reputation: 7,842 • Today 2:43 AM

□■ Sensex gains 460 points; Nifty ends above 18,450; banks, metals gain; Infosys zooms 4.8% □■]
Sensex settled 459 points or 0.75% higher at 61,765, while NSE Nifty 50 added 138 points or 0.76% to close at 18,477. Bank Nifty zoome...
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B
Reputation: 964 • Today 2:27 AM

*Option Chain Analysis (Intraday)*
For
*Tuesday, October 19*

* #NIFTY50 * : Break out on either side
*Phase* : Sideways
Resistance zone : 18550
Support zone : 18450

* #NIFTYBANK * : Break out on either side
*Phase* : Sideways
Resistance zone : 39900
Support zone : 39500
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Bank nifty tested lifetime highs of 40000 & then retraced back amidst strong CE writing at 40000. Technically the Candlestick pattern formed today is not good & a move below its low can trigger some panic selling in the Index & Bank Nifty can retrace back towards 39217-38880in sh...
IDX:NIFTY BANK - 5321874
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