Nifty Analysis - Stance Bearish⬇️
Recap from yesterday: “If you look at the higher time frame, today’s price moves might be between 38.2 to 50% Fibonacci retracement levels and what might have formed could be a lower high.”
4mts chart
Nifty was not able to sustain the gains yesterday, within the opening 15 minutes itself it breached the support level of 22051...
BankNifty Analysis - Stance Neutral ➡️
Banks were performing as expected today, even though we had a neutral view we ended up losing 0.41% for the day. The stance for tomorrow also continues to be neutral as BN did not breach support or resistance today. The starting candle was perfect as per the script, from there we rose 666pts ~ 1.43% to reach the HOD of 47231...
