DISCLAIMER !!!
The following idea is just my analysis of current market condition.
Ideas and predictions published here are for educational purposes only.
Please conduct your own research and analyze market conditions before trading.
I WILL NOT BE RESPONSIBLE FOR ANY LOSSES occurred if someone decides to trade by following my idea.
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Bank Nifty has shown a bullish movement on 22nd and 23rd April contrary to popular opinions.
23rd April has shown a big upside movement breaking the important 32000 level.
After that, it got retraced and shown a downside before just recovering in the last 30 minutes.
This proves that the market wants to go up but the bears are strong given the market conditions and Covid-19 situation.
Only way market can show bullish movement if opens gap up and crosses 32400 levels as soon as market opens on 26th.
If not, the bears will pull the market down further and we can see levels of around 30400 which was also the support when
market opened with a huge gap down on 19th April 2021.
If it falls below this level we can even see levels up to 28000 or even more downside.
.
You can judge the trend depending if the pre-market levels are either gap up or gap down and follow the green and red paths respectively.
The following idea is just my analysis of current market condition.
Ideas and predictions published here are for educational purposes only.
Please conduct your own research and analyze market conditions before trading.
I WILL NOT BE RESPONSIBLE FOR ANY LOSSES occurred if someone decides to trade by following my idea.
.
.
.
Bank Nifty has shown a bullish movement on 22nd and 23rd April contrary to popular opinions.
23rd April has shown a big upside movement breaking the important 32000 level.
After that, it got retraced and shown a downside before just recovering in the last 30 minutes.
This proves that the market wants to go up but the bears are strong given the market conditions and Covid-19 situation.
Only way market can show bullish movement if opens gap up and crosses 32400 levels as soon as market opens on 26th.
If not, the bears will pull the market down further and we can see levels of around 30400 which was also the support when
market opened with a huge gap down on 19th April 2021.
If it falls below this level we can even see levels up to 28000 or even more downside.
.
You can judge the trend depending if the pre-market levels are either gap up or gap down and follow the green and red paths respectively.