UrbanPro
true
default_background

Learn Stock Market Trading from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors
✕

Search in

BankNifty Update for Jun-8, 2020

N
Ninad Deshmukh
12/06/2020 0 View Comments0

Banknifty took the support of Gann Degree Number 20400 zone, and we saw reversal towards Gann Number 21100 making top @ 21199 but closed below 21100, @ 21035.

 
If Banknifty sustains above 21100, then we can see a move towards 21500/21800 and higher levels of 22500. Breaking below 20400, it may go down to 19700/19000 levels.
 
 
On the Hourly chart, Banknifty took support @30-EMA that coincided with the 20400 zones. So on hourly chart supports are @20400 followed by 20100. Resistance @ 21450.
 
On Daily Gann Box, Banknifty took resistance of angle. So for upmove, it needs to break the angle level. So it needs to break 21100. The next resistance is @ 21220. So 21100-21220 may act as strong resistance.
 
 
Banknifty reversed from Weekly Angle.
 
 
On Daily Vix Gann Box, Time Factor suggests a directional move (reversal/continuation). Also, it formed Double Bottom.
 
To summarise, above 21100 targets are 21220/21450/ 21800. Below 21000 marks are 20400/20100/19700.
 
0 Dislike
Follow 2 Loading Spinner
Default Profile Photo

Please Enter a comment

Submit

Other Lessons for You


How do I know if a stock price is expected to rise in the future?
This is one of the most curious question in every beginners mind, You will feel amazed by some of the analysts seeing them giving future targets for any stocks and you will keep hitting you brain like...
Profile Photo

Concept Of Angel Investing
The 21st century is known as the entrepreneur age where numbers of young & enthusiastic individuals are starting up their own ventures individually or collectively. Today most of these companies are...
Profile Photo

What is the definition of a day trader?
What is the definition of a day trader? Pattern day trader is a term defined by FINRA to describe a stock market trader who executes 4 (or more) day trades in 5 business days in a margin...
Profile Photo

X

Looking for Stock Market Trading Classes?

The best tutors for Stock Market Trading Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Learn Stock Market Trading with the Best Tutors

The best Tutors for Stock Market Trading Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more