Is Nifty still BULLISH? Nifty & Banknifty analysis in 5 mins
The markets saw a little weakness post a dream run even though Nifty tested 15,600 levels. While the short-term trend still appears bullish to me, we have seen a bit of consolidation of sideways correction after a fresh ATH is made before the next leg of the rally.
Open interest data appears to have a bullish bias as of today's closing, but a lot can change overnight. India VIX closed positive after a while.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,340, 15,385, 15,420, 15,431, 15,480 --- 15,590, 15,620, 15,680
Levels for Banknifty: 34,480, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
Open interest data appears to have a bullish bias as of today's closing, but a lot can change overnight. India VIX closed positive after a while.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,340, 15,385, 15,420, 15,431, 15,480 --- 15,590, 15,620, 15,680
Levels for Banknifty: 34,480, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
