Some Chart Reserch of Nifty Pharma and NiftyBank on The Date 06-01-2022.

NIFTYPHARMA

Nifty Pharma At 200D SMA. If Hold Then we see more upside.

In this 2nd chart we see that perfect touch 66% of last swing 14938 to 13005, is near 14281.

 

As per Ratio chart we see that 78.6% of  last swing.

 

 

So Summary is that  if Hold  200D SMA then we see More Upside in coming Days.

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BANKNIFTY
as per this 1st chart we see Nifty Bank Fibonacci  level is near 50% 2 days tops.
 

 

 As per Ratio Chart we see that after November-2021 1st time cross 21 & 34 EMA. with that we see last swing top falling trend line also cross.and fast rise compare to last fall from middle of December-2021.

So some more upside possible if cross 50% of last swing.

As per this chart we see that trade near 50-100D SMA. Last 2days continue close above all important Moving Average like 20-50-100-200. So some Upside Possible if Hold this SMA.

As per this chart we see that some Previous swing Top Bottom Resistance Level. 37500 to 38500 zone.

So Summary Is that Over all position is look strong above 38000, Below 36700 look weak.

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