BankNifty Analysis - Stance Bearish ⬇️ The stance for BankNifty was bearish yesterday and it is still bearish today. The highs and lows of today were more or less matching with the levels of yesterday. Visually the price action is more negative than yesterday, the reason being the highs hit today were due to gap-up whereas yesterday’s high was via fighting it out...
Good Morning Traders, Yeah Market is looking oversold, A bounce is possible in indian market, i mean a rally of 120-180 points is possible in Nifty. Nifty have formed a small candle on the daily timeframe with almost identical open and close and with long lower shadow. Technically this pattern indicates the formation of a Dogi or Hammer type candle pattern....
Good Morning Traders, i hope you had a good day yesterday, as we have captured huge move in nifty. Well i have brought again analysis on Nifty on Expiry Day. So let's start. Guy's yesterday we have seen sharp selling in all indian indices, even in whole world exchanges were down more than 1% in intraday. The reason was that US Credit downgraded. Anyway we have...
Finance Nifty, nifty and banknifty and all other indian indices all are trading bullish since yesterday. FInance nifty has given breakout of previous levels. Now price and action indicating a sharp move towards 19200+. MACD and RSI also giving bullish crossover, EMA 200-D also below our current price all are giving a bullish signal. As per expiry point of view we...