Bank Nifty Futures – Apr 219 – Short Term Outlook

Bank Nifty Futures 5min – Quick Flip

Bank Nifty futures on 5min timeframe turned to short mode on quick flip system with immediate supports coming around 30,003 levels. Price maintaining below 30,003 could bring possible downtrend towards 29800 and 29450 levels.

Bank Nifty – Daily Sentiment

Bank Nifty on the daily timeframe made an bearish outside bar. Trading Sentiment is maintaining negative for the fourth consecutive session on the daily timeframe.

Bank Nifty Market Profile Futures

Bank Nifty Futures immediate resistance comes around 30100 levels. More time price spending below 30100 is likely to bring more downwards levels towards the next Prominent POC reference 29450 levels.

Overall price maintaining below 30100 and 30003 levels could bring short term downtrend towards 29800 and 29450 levels.

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