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Tag Archives: Bank Nifty Price action trading

Bank Nifty Price action is moving higher whereas the momentum is diverging

Bank Nifty shows diverging price action and Momentum of the Trend

By Trading Predator August 17th, 2018 No Comments

The sentiment in Bank Nifty might change in coming weeks as Bank Nifty shows a wide divergence between bank nifty and Momentum. Index prices are making higher highs whereas momentum measured by MACD is stagnating without any direction. It’s a representation that trend is getting weak. As a rule of thumb, momentum must precede price

Bank Nifty Price action testing the Critical support zone

Bank Nifty – Price action testing the Critical Support Zone

By Trading Predator March 7th, 2018 No Comments

In my previous article on Bank nifty, I have pointed out that Structural support zone at 24000 – 24500 is important to determine future market direction. It’s essential to watch how market prices are going to behave around the zone. Now Price action is testing that critical support zone, we might see volatile market moves

Price action broke the bearish trend line – Buyers must defend the zone to prove their strength

Bank Nifty Price Action Trading – Breakout at Trend line

By Trading Predator October 26th, 2016 No Comments

Despite lackluster fundamentals, banking sector stocks have performed poorly from early September till mid October because of corrective downtrend in Bank Nifty. The down trend line persisted from September and price action traded in respect to the trend line perfectly. But the prices rebounded as we near the end of October. Market took support at

Bank Nifty Price action trading strategy

Bank Nifty Trading | A shift in Uptrend Price Action behavior

By Trading Predator October 4th, 2016 No Comments

All eyes rest squarely on monetary policy of RBI and Political tensions over disputed border of Kashmir, Market participants are not clear what to expect from financial markets. While everyone is busy speculating about RBI rate cuts and its possible impact on Price action of Nifty and Bank Nifty, My focus is in the chart

bank-nifty-trading-at-last-years-high

Bank Nifty | Price action is trading near last year’s high what’s next?

By Trading Predator September 7th, 2016 No Comments

Bank shares rose to their highest in 20 months, Price action is so close to 2015 high at 21000.00 due to spectacular performance of major companies in banking sector. Foreign investments are the main reason behind these price movements. It’s also important to note that foreign investors bought these shares amid the rebalancing of MSCI