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Banknifty - finally price moves.Finally, bank nifty closes away from its 6-day closing price. So now what will be our analysis for tomorrow? Today after falling in 1st half, bank nifty was in a tight range in 2nd half. If the bank breaks the 41400 level we can target the previous day's high(PDH) i.e. 41660 level, and if the breaks the previous day's low(PDL) 41170 level, our target will be 41000 level as it is a psychological level. On the other hand, if it opens, above the 41400 level, PDH will act as resistance, and below the 41170 level, the market will most probably sideways. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:BANKNIFTY
by Garvit_Narang
Nifty down - India vix high So from last week india vix was below 13, which means option prices were not moving due to the low of india vix. So today nifty fall and after falling it was in a tight range of 70 points between 17800 and 17720 levels. We can expect a trending move as well as a range-bound market. So if it opens in a 70 points range and breaks the 17800 level we can expect the previous day's high (PDH) target i.e. 17880 level and if breaks the level of 17720, our target will be 17655 level. On the other hand, if nifty open below the previous day's low(PDL) or gap down most probably the market will be sideways and if it opens above the 17800 level , 17880(PDH) will act as resistance. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:NIFTY
by Garvit_Narang