BankNifty Technical Analysis 23rd April

As discussed in the latest analysis, bears now have to cross Below 30860 to quickly jump to 30500. Bulls must climb over 31366 to head towards 31630. The bears faced a gap to the downside and the bulls, when they broke through 31,400, hit the maximum target NEAR 31900. Now that we have a weekly close, the bulls would like to see a close above 31900-32000 and the bears would like to see a close around 31250. The bulls will aim for 31980/32166/32330 at 31600. It drops below 31400 to return to 31290/31100/30870.

Nifty Technical Analysis

As Discussed in Last Analysis  As we have been maintaining that unless Nifty closes below 14200 all fall towards this level are good buying opportunities. same thing happen in yesterday after make intraday low below 14200 and strong recovery from these level and close above 14400. Now Bears need to break 14240 for a quick move towards 14145/14065. Bulls need to move above 14325 for a move towards 14357/14455/14570.  

Nifty charts
nifty chart

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict SL. Please also read the detailed Disclaimer mentioned in the left side of Blog.

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