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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