Nifty Bank IndexShort
BANK NIFTY EXPIRY 14/12/2024, VALENTINE RED MARKET
TARGET 1 45192, TARGET2 44800, TARGET3 44685
GLOBAL CUES INDICATES BEARISH MARKET DUE TO JANUARY CPI INFLATION DATA OF US.
DOUBLE TOP FORMATION IN 15 MINUTES CANDLE STICK OF BANKNIFTY WHICH INDICATES BEARISH MOMENTUM.
LEVEL 44685 WILL ACT AS A CRUCIAL SUPPORT WHICH IS A 200EMA IN DAY CANDLE.
CPR SUPPORT 44964.50,
IF HDFC BANK SUPPORTS then there is a possibility for flat to positive close. For Upside, Resistance are 45750 and 45985.60- 46000 which are fib 0.5 and 0.618-0.65 levels respectively.
BUT 80% BEARISH, 20% FLAT TO SLIGHT POSITIVE CLOSE expected.
I am not a sebi registered investment advisor, the details provided are only for educational purpose.
GLOBAL CUES INDICATES BEARISH MARKET DUE TO JANUARY CPI INFLATION DATA OF US.
DOUBLE TOP FORMATION IN 15 MINUTES CANDLE STICK OF BANKNIFTY WHICH INDICATES BEARISH MOMENTUM.
LEVEL 44685 WILL ACT AS A CRUCIAL SUPPORT WHICH IS A 200EMA IN DAY CANDLE.
CPR SUPPORT 44964.50,
IF HDFC BANK SUPPORTS then there is a possibility for flat to positive close. For Upside, Resistance are 45750 and 45985.60- 46000 which are fib 0.5 and 0.618-0.65 levels respectively.
BUT 80% BEARISH, 20% FLAT TO SLIGHT POSITIVE CLOSE expected.
I am not a sebi registered investment advisor, the details provided are only for educational purpose.
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