Bank Nifty Gann fan Support and Resistance
As per my short term analysis ,i assume price may rejection from the black trend line and will continue its - DOWNTREND
Reasons -
1. FIIs selling heavily - assuming that inflation rates going to be more higher so it will affect bank interest as well.
when inflation increases , Gold price also starts increasing . As Gold is considered as a hedge of it.
2. New "Omicron Variant" of covid-19 is in lime lite Gin , see the covid-19 graph ,Though its not much that panic situation still FIIs press sell buttons on top
date category buyValue sellValue netValue
1-Dec-21 DII ** 6651.88 3184.86 3467.02
1-Dec-21 FII/FPI * 8588.49 11354.33 -2765.84
Reasons -
1. FIIs selling heavily - assuming that inflation rates going to be more higher so it will affect bank interest as well.
when inflation increases , Gold price also starts increasing . As Gold is considered as a hedge of it.
2. New "Omicron Variant" of covid-19 is in lime lite Gin , see the covid-19 graph ,Though its not much that panic situation still FIIs press sell buttons on top
date category buyValue sellValue netValue
1-Dec-21 DII ** 6651.88 3184.86 3467.02
1-Dec-21 FII/FPI * 8588.49 11354.33 -2765.84
Note
What a great move now at its Daily Trend Line. Lets see tomorrowNote
Trend Line breakout with making HIgher highs
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