After a gap up opening, there was a profit booking and market consolidated as it has already stretched alot and it may take a halt or market may become volatile. On the hourly charts, there was profit booking in the first hour and market remained inside the candle whole day closing almost flat. Nifty has hit a new ATH and there should be a halt or a retracement...
Banknifty weekly expiry has changed from thursday to wednesday. Option trades watch the option premium as they will expiry tomorrow. On the daily charts, market has again tested the 20 ema and has formed an inside candle. Market again after a gap up opening came for selling and closed 65 points lower. On the hourly charts, it tested both the moving averages...
Banknifty has been facing rejection from 38.2% fibonacci levels and this week also it has retraced after touching the level. Though, the market has travelled around 44800 levels but couldn't sustain the levels and has closed below 44500 level. There is another doji on the weekly charts and the market is still not showing some conviction of the trend. There was a...
LEVELS 29-11-2021 NIFTY RES- 1. 38400 2.38600 18267 3.-------- 18340 SUP-1.38225 18200 2.38040 18126 This channel provides Nifty and Bank Nifty analysis and...