Nifty Bank IndexLong
Bank Nifty Analysis
- BNF is currently trading at 51,938
- BNF has a huge inefficiency on the upside
- I have drawn 2 path possibilities where once the path shows we will balance the inefficiency and fall back down again
- The bullish path shows that 52,000-52,442 will be filled and we will retract and chop a little before moving up again
- Fundamentally we have a big week ahead where we can easily see prices moving up and down like a Roller Coaster and all eyes are on FOMC rate cut meeting
- 25-50bps rate cuts both have 50-50% chances well I am rooting for a 50bps rate cut
- BNF has a huge inefficiency on the upside
- I have drawn 2 path possibilities where once the path shows we will balance the inefficiency and fall back down again
- The bullish path shows that 52,000-52,442 will be filled and we will retract and chop a little before moving up again
- Fundamentally we have a big week ahead where we can easily see prices moving up and down like a Roller Coaster and all eyes are on FOMC rate cut meeting
- 25-50bps rate cuts both have 50-50% chances well I am rooting for a 50bps rate cut
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.