Recents in Beach

Nifty tomorrow,bank nifty 25 February 2020, will nifty recover

                      
                           WILL NIFTY BANK NIFTY RECOVER TOMORROW ?
                 
           NIFTY BANK NIFTY ON TOMORROW TUESDAY  ON DATE 25 FEBRUARY 2020 AND ALL DATA OF 24 FEBRUARY 2020

NIFTY 50 TODAY 24 FEBRUARY 2020

         Nifty:Benchmark started with gap down as given breakdown to the bull rally today,nifty opened at 12012.55 and today open is high for nifty and made low 11813.40 closed near days low on 11829.40 that means strong bearish candle formed by nifty on 24 February 2020 which indicates some weakness in Indian stock market.benchmark drifted down side by metal pack, motor & bank nifty also drive nifty to the down side today.In metal pack JSW Steel, Vedanta, Tata Steel, Hindalco made pressure on nifty specially JSW steel is closed about 8 percent negative today.HDFC,Reliance ICICI,ITC only  these 4 stock drifted nifty by about 100 point.


                                                                       NIFTY BANK
BANK NIFTY TODAY 

              Bank nifty today closed on negative by 487.75 points on 30455.10, maximum pain by icici bank to the bank nifty today and broken three days candle formation higher high and higher lows also made bearish red candle today,question remains still will it continue bear trend or nifty,bank nifty will recover ?


Technical data for Monday on date 25 February 2020.


2.Option chain data 


i.Option chain data (Nifty 50)



1Highest open interest call strike price12000
2Highest open interest put strike price11800



ii.Option chain data (Nifty Bank)


1Highest open interest call strike price30500
2Highest open interest put strike price30000

 2.Support and Resistance (as per pivot)

 i.Nifty 50

PIVOT POINT11885.12
SUPPORT 111757.6RESISTANCE 111956.8
SUPPORT 211685.9RESISTANCE 212084.2
SUPPORT 311558.5RESISTANCE 312155.9
 

 ii.Nifty Bank

PIVOT POINT30528.42
SUPPORT 130354.4RESISTANCE 130628.8
SUPPORT 230254.2RESISTANCE 230802.5
SUPPORT 330080.5RESISTANCE 330902.9


3.Technical indicators


 i.Nifty

1RSI40.33Sell
2MACD-30.78Sell
3ADX16.45Neutral
4STOCH90.486Oversold


 ii.Nifty Bank

1RSI42.316Sell
2MACD-190.41Sell
3ADX18.065Neutral
4STOCH95.715Overbought


4.Candlestick Pattern

i.Nifty:  Strong bearish red candle
ii.Nifty Bank: Bearish candle
                 
    For more detail about candlestick of all important stock please visit CANDLESTICK PATTERN 24.02.2020 & for support and resistance please visit S&R FNO STOCK.




 
Disclaimer: This post not suggesting any tips/recommendation for any stock/index/script
  to buy or sell just posting as per technical data as per technical indicator
 suggesting,for study purpose only.











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