Nifty has been moving in almost a perfect symmetry in respect to both , PRICE and TIME
Refer to the chart, I would like to share the observations found in Price and Time from Nifty's Price action.
Can I state boldly from this observation that, Nifty may target for 16209.95 on Thursday 28 July 2022 ?
1-South African Stocks End at Near 3-Month Low
2-Oil Prices Extend the Decline
3-Annual inflation rate in India accelerated for a 5th straight month to 6.07% in February of 2022, the highest since June of 2021
4-The Indian rupee weakened towards 76.6, not far from it's all-time low of 77.1 hit earlier in the month,
5-India kept its interest rate at a record low of...
#banknifty view for 30th July'21
What I said yesterday:="Selling pressure will intensify below 34,373 and lower targets goes till 33,823 to 33,671
Buying will only come above 34,956 and will post fresh view if the closure is above 34,956"
BankNifty is still weak, there is no sign of strength till the time we trade below the gap.
Short Term Analysis is still...
If Market open flat then definitely it will take support at 34653 you can go long for 100-120 points
if Market open gap up or gap down avoid trade between this level only trade on major support level 34408
Market still in confusion let take them correct direction.
Minor Support level:- 34653
Major s Support Level:- 34400
