Manickamtraders

#Banknifty directions and levels for NOV 24th

NSE:BANKNIFTY   NIFTY Bank Index
"Good morning, friends! As of November 24th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, indicated by the Dow Jones. However, our local market shows a moderately bearish trend. It might open with a slight gap-up or a neutral start, considering the GiftNifty value at +10.

Subsequently, if the market experiences a pullback, we shouldn't anticipate a significant move unless it breaks the immediate resistance.

Simultaneously, if it faces rejection around the immediate resistance, the market will likely continue within a range.

Conversely, if the gap-up isn't sustained or if it opens with a gap-down, we can anticipate a similar range-bound market sentiment. Correction may occur if the market breaches the immediate support zone."

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