Nifty 50 – Bank Nifty Technical Analysis – 7th January – 11th January 2019

Nifty 50 – Bank Nifty Technical Analysis – 7th January – 11th January 2019

In this Nifty chart & Bank Nifty Technical Analysis video I have discussed about Role of Momentum in Stock Markets. I have taken up How to Assess Momentum on Charts and have listed out Nifty Sectors showing Positive Momentum in current market scenario. I have then moved to Nifty 50 and Bank Nifty update for the week and have discussed about Nifty 50 and Bank Nifty Price structure that we have been tracking since few weeks. In the end, I have discussed about Momentum and Price related rules that you can apply in Trading on a regular basis.

I have taken up Rate of Change (ROC) Indicator to explain role of momentum in Stock markets. In the current market context, while many Nifty Sectors are showing Negative momentum, Nifty 50 and Bank Nifty along with Nifty Pharma, Nifty IT and Nifty Energy are exhibiting Price strength.

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