BankNifty at Crossroads: Will 52,600 Hold the Bulls?

Dec 6, 2024

As per our last update via comment: “Bulls will remain strong if the index holds above 52,600.”...

5th December 2024
The rising trendline halted the index at 53,888.

6th Dec 2024
Post-RBI policy today, the index again paused near the rising trendline.


The big question
Will the buying zone of 52,500-52,600 come into play again?
And if it does, will it hold that zone?

“If the index revisits the 52,500-52,600 zone and holds, will you dare to miss the opportunity to ride the bulls again?”


Market Whispers! ...Can You Hear Them?


Regards,
WaveTalks
Abhishek

Dec 6, 2024

Trade active

12:57 pm / 6th Dec 2024

Last @ 53636

Trades have to be broken in 2 parts

One You could expect close to 53160 which
Next Trade only Below 53160 towards 52500-52600

Later Bulls Might Plan to Take it upside towards 54000+ travelling close to previous highs 54467

Thanks

Dec 7, 2024

Trade closed manually

10:51 pm / 7th Dec 2024

If Index fails to go below 53300-53500 - any move above 53600 will suggest - Bulls again are strong & would be easily taking towards higher targets upside 54000+