Today will be a strong gap up opening in banknifty. If it sustains above 27050 levels then the rally will continue towards the 27500. Possible we will see breakout of this resistance too in today's session. After breakout then next quick target will be 27950-28000.
Hi,. great analysis... How did you come to know today market will open gap up?
gfogokul
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@milind2suryawanshi, it is possible because of positive global cues and its a positive sentiment all over the global markets and also its festive season in India so businesses are expected to be revived and lastly Bank nifty is lagging very much as compared to nifty precovid levels. So we can expect great momentum in bank nifty in coming days until it reaches precovid high.
For reference you can always check for sgx nifty trading session before our market starts because that can give an idea how our market can react.