ranjeetsarkar64

Nifty analysis for 22 th April| end of the day analysis for 20th

NSE:BANKNIFTY   NIFTY BANK
Nifty 50 has made a gap up opening, started bearish candle from the start of the market to the end. The reason for the bearish market is the covid-19 re-lockdown situation and the effect of this on the economy. some of the stocks in the financial sector such as HDFC and HDFC bank made a big red candle followed by NIFTY IT bearish pattern which when combined with the current situation pushed the market towards the bearish pattern .
it is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.

#markettrend #nifty50 #banknifty #bearishmarket #niftydataanalysis

Comments

Going to bleed Red on 22nd..
All international markets are also falling big time...
Reply
ranjeetsarkar64 theurbanaura
@theurbanaura, yes it seems, but you can have a better view if you see the weekly chart. its clear that nifty has made a good impulsive wave and is currently in a downtrend or you can say correction. apply fibo and you will get your levels.
Reply
theurbanaura ranjeetsarkar64
@ranjeetsarkar64, Expect bank nifty atleast 800-1000 points down on Thursday..
Reply
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