Nifty50 Nifty Bank near Resistance Zone

Nifty Bank 




As we discussed in Previous analysis https://www.weeklypaisa.com/2020/01/bank-nifty-technical-outlook-on-global.html

Nifty Bank is in Pull back zone after making low of 31180. Retest possible at 31800 or 32100.

Opportunity to Short if Price Action and Candle appear in between 31800/32100 for the Target of 30800 with SL 32200.

Banknifty is around 32000. 

Resistance 32100-32200 
Support 31000-30800

NIfty50 : 

NIfty50 Hourly Chart
NIfty50 Hourly Chart 

Wait for Short near 12160 /12236 if Price Action and Candle Forms in this zone.
SL 12300
TP 11832 

Resistance at 12220-12280

Support at 11900-11950

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