BANKNIFTY FUTURE ANALYSIS ON 1 HOUR CHART
WE ARE EXPECTING THAT BANKNIFTY CAN TOUCH 40600 LEVELS WITHIN NEXT 2 OR 3 DAYS AROUND.
IF BANKNIFTY FUTURE DOESN'T SUSTAINED ABOVE THESE LEVELS 40600 THAN IT CAN RETEST AGAIN 39900 LEVELS IN THE UPCOMING DAYS.
ONCE IT WILL RETEST AFTER THAT WE CAN AGAIN EXPECT 42000 LEVELS IN THE MARCH EXPIRY ONCE AGAIN.
(Please check...
The Nifty 50 index has corrected almost 6.5% from it's all time high and it has reached a level of 17600.
It also tried to break the 200 EMA on the daily chart.
The most recent fall of 600 points in three trading days was majorly due to negative news in the market.
We may see a fast recovery in the coming days if there is a positive news or due to the...
Good Morning,
Just as we have been stating in our Morning Mantra updates, similarly we can see that Nifty still seems to trade in a range bound zone. Neither is it being able to break through the stated levels of support, nor is it crossing its levels of resistance.
So, it will still be suggested to stay cautious until the index gives a positive closing of...
Good Morning,
It seems like the Market is still in an indecisive mode.
Even though we have seen that the index had made a high of 17600.60 approx yesterday, it was somehow very much unable to give a closing of above the levels of 17650-17700 and had finally given a closing of between our stated support levels of 17454 and 17360.
Hence, just as we have...
Hi Guys,
Nifty is entering in the very crucial range(10900-11200), and how it going to behave in this consolidation range is going to plot the further trace about it. But as of now, there is a clear wave pattern formation is visible on the charts correction is still pending according to Elliot Wave theory, whether it is for the 10-year long bull run(Target around...
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