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#Nifty directions and levels for February 11th:Good morning, Friends! 🌞 Here are the market directions and levels for February 11th: Market Overview There have been no significant changes in the global markets, which continue to maintain a bullish sentiment, as indicated by the Dow Jones. However, our local market is showing a moderately bearish sentiment. Today, the market may open neutral or with a slight gap-up, as Gift Nifty indicates a positive sign of 60 points. In the previous session, both Nifty and Bank Nifty closed negative. However, the structure still appears range-bound with a bearish bias. So, if the gap-up sustains, the market could attempt to reach the top of the range in the upcoming days. On the other hand, if it breaks the previous day's low, the correction may continue further. I have taken the chart sentiment based on this—let's look at that. Both Nifty and Bank Nifty structures are similar. Nifty Current View The current view suggests that, based on the structure, the gap-up may not sustain. So, if the market starts declining, it could reach a minimum of 23,319 to 23,289. After that, if it consolidates or breaks this level, we can expect the correction to continue. On the other hand, if it finds support there, it could form a range-bound structure between the 50% upside level and the bottom at 23,289. Alternate View The alternate view suggests that if the market sustains the gap-up, it could reach a minimum of the 38% and 50% levels. But both are major resistance levels. So, if the market rejects at these levels, it may consolidate between the 50% level and 23,289 with a bearish bias. However, if the market breaks the 50% level with a strong candle or after some minor consolidation, it could reach the 78% level in this minor swing.
NSE:NIFTY
by Manickamtraders
#Banknifty directions and levels for the second week of FebruaryCurrent View: The current view suggests that after the sharp pullback has ended, a minor correction is in progress. We can usually expect a three-wave structure in this correction. If it continues, we can anticipate a minimum correction of 38% to 50% for Bank Nifty in the current swing. > After that, if it finds support at either the 38% to 50% level with a three-wave structure, it would indicate a continuation of the rally. > However, we should seek some reversal confirmation using certain parameters, such as the EMA 20 or a breakout at the 38% Fibonacci level. This is the current view. > Notably, due to the BJP's victory in the Delhi election, if the market starts this week with a bullish bias and breaks the previous high without forming this three-wave structure, we can also follow the upside levels. In this case, it could be considered an extension variation. Alternate View: The alternate view suggests that Gift Nifty indicates a negative start in the first session of the week. So, if a solid correction structure forms, the trend will likely continue once the price breaks below the 78% mark on the downside. Until then, we should consider both Nifty and Banknifty to be in a range-bound market.
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for January 20th, Tuesday:Good Morning, friends! 🌞 Here are the market directions and levels for January 20th, Tuesday: Market Overview: The global market is showing moderately bullish sentiment (based on the Dow Jones), while our local market reflects a bearish sentiment. Today, the market is likely to open with a neutral to slightly gap-up start, as the Gift Nifty indicates a +50-point positive opening. In the previous session, our markets closed negatively, while the US market performed very well. Everyone is closely watching Donald Trump’s inauguration. Some expect the market to maintain its bearish sentiment for another one or two days. However, if there is any positive trigger, a bounce-back can be anticipated. Otherwise, the correction is likely to continue. Structurally, my expectation is that if the market takes a pullback, we can expect a range-bound market with a bullish bias. If the pullback sustains, the market could break out and move higher. On the other hand, if the gap-up doesn’t sustain, we can expect the correction to continue. This forms the basic structure for today. Both Nifty and Bank Nifty exhibit similar structural sentiments. Nifty Current View: The current view suggests we are in a range market. If the pullback sustains, we can expect a minimum target of 23330 to 23360. After that, if it breaks with some consolidation, it could continue to reach 23387 to 23431. However, after this rally, the market may experience some rejection around that range; this is the basic structure. In this scenario, if the rally sustains without any rejection, it may form a long bullish candle at the market’s opening. Alternate View: The alternate view suggests that if the gap-up doesn’t sustain, we can initially expect a minor correction that could reach 23121 to 23087. This is also a range market target. After that, if it finds support there, the range market may continue. On the other hand, if it breaks below, the correction will likely continue. Note: A notable point is that we are in a range-bound market, so approach the charts with this context in mind.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for January 14th, Tuesday:Good Morning, friends! 🌞 Here are the market directions and levels for January 14th, Tuesday: Market Overview: The global market is showing bearish sentiment (based on the Dow Jones), and our local market is reflecting a similar outlook. Today, the market is likely to open with a gap-up start, as the Gift Nifty indicates a +130 point positive opening. > In the previous session, the market moved violently, but the evening session in the US market saw a solid pullback. Structurally, this happened in a bearish market, so it still seems to be in a bearish trend. However, this pullback may reduce the momentum. So, my opinion is: > If the gap-up sustains, we can expect a 50% to 61% pullback in the minor swing. On the other hand, if it doesn’t sustain, then it could consolidate between the previous low and today’s opening price. This is the basic structure. Let’s look at the chart. Both Nifty and Bank Nifty have the same structural sentiment. Current View: The current view, based on the structure, is that as per the long correction, this kind of gap-up might not sustain. > If the initial market declines, it could consolidate between the previous low and today’s opening price, or to the 38% resistance level. > After that, if it breaks the previous low, then the correction will likely continue. Alternate View: The alternate view says: > If the gap-up sustains or if it breaks the major resistance at 38% with a solid candle, then it could reach a minimum of 50% to 61% in the minor swing.
NSE:NIFTY
by Manickamtraders
Nifty Analysis – Today’s Game Plan! (31st December 2024)🔥 Nifty Analysis – Today’s Game Plan! Let’s Break It Down: The Nifty is currently trading at 23,658.65, sitting in a zone where things can go either way. With clear support and resistance levels, the market is poised for its next big move. 📍 Levels You Can’t Ignore: 🚀 Strong Resistance Zone: 24,055 ⚡ Immediate Resistance: 23,878 🛡️ Support Zone: 23,535 🔒 Strong Support Zone: 23,318 What Could Happen? 💥 Bullish Scenario: If Nifty manages to break above 23,878, it’s likely heading toward the 24,055 mark. This breakout could mean strong momentum, so watch for increased buying volumes. ⚠️ Bearish Scenario: If Nifty struggles to stay above 23,535, a slide to 23,318 might be on the cards. Breaking this level would bring more pain for the bulls. Here’s the Plan: For Buyers: Go long only above 23,878, aiming for 24,055. Keep your stop-loss tight around 23,750. For Sellers: Consider shorting below 23,535, with a target of 23,318. Protect your trade with a stop-loss near 23,650. Something to Think About: RSI Levels: Showing signs of possible recovery—are the bulls gearing up? Volume Watch: A breakout without volume isn’t reliable. Let the market show its hand! Market Open Impact: GIFT Nifty hints the market might open near these zones. Be ready for action! Final Words: Markets are unpredictable, but preparation is key. Know your levels, set your stop-loss, and trade like a pro. Remember, discipline beats emotions every time! Disclaimer: This is not financial advice—just a trader sharing insights. Trade smart, trade safe! Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
PRE MARKET ANALYSIS OF NIFTY FOR 27 DEC 202427 Dec 2024 WORLD MARKETS 1. US markets have bounced back. 2. Asia and Europe is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is still hovering around 15. 2. GIF Nifty is indicating 45 points uptick at 23800. INDEX HEAVY WEIGHTS 1. HDFC Bank is range bound between 1810 - 1795. It may remain rangebound for some more time. 2. ICICI Bank is bullish with support at 1300 and resistance at 1307. Any move above 1307 is bullish. 3. Reliance is bearish. Move above 1240 is positive while move below to 1220 is bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 23800 - 23695 : NO TRADE. 2. NIFTY OPEN ABOVE 23800 : Wait for a consolidation and move above 23875 decisively. 3. NIFTY OPEN BELOW 23700: Wait for a consolidation between 23700 and 23630 and break below 23630 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTY
by sam20051968
#Nifty directions and levels for December 18th.Good morning, friends! 🌞 Here are the market directions and levels for December 18th. Market Overview: The global market continues to show moderately bearish sentiment (based on the Dow Jones), while our local market is also exhibiting similar bearish signs. In the previous session, both Nifty and Bank Nifty experienced solid corrections. So, what can we expect today? It’s important to remember that we are in a range-bound market and currently near its bottom. This makes predicting the next move challenging. However, based on the structure, I have observed some key points: Even though the market fell yesterday, a minor diagonal structure formed at the end of the swing. If the market finds support around the immediate support level during the initial session, we can anticipate a 23% to 38% bounce back. However, the pullback can continue only if the market breaks the 38% retracement level. If it does, the next pullback targets could be at the 50% and 78% levels. Conversely, if it doesn’t break the 38% level, the market could consolidate before continuing its correction. This forms the basic structure. Let’s explain this further using the chart. Both Nifty and Bank Nifty are currently showing the same structural sentiment. Current View: Today, the market may start negatively, based on the Gift Nifty sentiment. If this happens, we can expect a minimum correction down to MDZ. After this correction, if there is a rejection, a 23% to 38% bounce back could follow. However, it is crucial to note that unless the market breaks the 38% retracement level, we cannot expect a further pullback continuation. This means the market’s bias will remain bearish until the 38% level is breached. Alternate View: The alternate view suggests that if the correction develops into a solid structure, it could continue further with some consolidation. In this case, we can use the EMA20 as a marker for potential reversals. This means the solid correction will likely persist until the market breaks above the EMA20 level. However, it is important to note that the EMA20 is reliable only during solid movements. If the market undergoes prolonged consolidation, the EMA20 could generate false signals.
NSE:NIFTY
by Manickamtraders
2
PRE MARKET ANALYSIS OF NIFTY FOR 22 NOV 202422 NOV 2024 WORLD MARKETS 1. World markets are trading with a positive bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 15 @ 16. This was evident in today's trade. I had indicated that 23500 straddle holders will be benefitted. INDEX HEAVY WEIGHTS 1. HDFC Bank is trading with a positive bias. 2. ICICI Bank on the other hand has become volatile It has still resistance at 1260. 3. Reliance on the other hand is still bearish and is heading towards 1200 as explained. TRADING PLAN 1. NIFTY OPEN BETWEEN 23411 - 23350 : Sell any rally to 23500. 2. NIFTY OPEN ABOVE 23411 : Sell any rally to 23500 and break below 23400. 3. NIFTY OPEN BELOW 23350: Wait for a consolidation and break below 23250 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 06 NOV 202406 NOV 2024 WORLD MARKETS 1. World Markets are consolidating with a negative bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 16 indicating high volatility . However when VIX drops from High, we may see bull move like what we saw today. Vix is down by just 3.5%. INDEX HEAVY WEIGHTS 1. HDFC BANK has pulled back from 21 SMA. It has moved up with above average volume. We may expect more upside. 2. ICICI Bank has also pulled back from 50 SMA and closed above yesterday high. So here also we can see more upside. 3. Reliance has taken support at 1285. It has closed above 1300. So we may see a move towards 1350 levels. ANALYSIS 1. However today it is the Bank Nifty which stole the show. It has closed above 51200. So also Nifty has closed above 24200 levels. We have to see whether These levels will hold and Nifty move towards 24500 and Bank Nifty 51700 Levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 24319 - 24107: Buy any dip to 24050 and move above 24110. 2.NIFTY OPEN ABOVE 24319: Buy any dip to 24100 and move above 24250. 3.NIFTY OPEN BELOW 24107: Sell any rally to 24200 and fall below 24100. 4. BANK NIFTY OPEN BETWEEN 51800 - 52600: Buy any dip to 51500 levels. 5.BANK NIFTYN OPEN ABOVE 52600 : Sell any break below 52500. 6. BANK NIFTY OPEN BELOW 51800:Buy any move above 52000 DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTYLong
by sam20051968
Marnet Mood - 25/09/2024Just like I posted yesterday, the market was trading rangebound between the support and the resistance levels that I mentioned. Today doesn't seem to be any different. The range for today will be 25,876 to 26,054 American and European markets closed positively yesterday and the Asian markets are trading in positive territory this morning. GIFT Nifty is trading flat citing that the Nifty will follow suit. As of now, there is nothing negative either globally or locally to make the markets go negative today. If it breaks the resistance barrier with huge volumes, chances are there that the markets will reach ATH today as well. Happy Trading...
NSE:NIFTY
by skymaninvestments
Nifty Short Selling StrategyNifty Short Selling Strategy: Targeting 780 Points with a 1:6 Risk-Reward Ratio Introduction As market participants analyze the Nifty index's recent performance, many are identifying potential opportunities for short selling. This article outlines a strategic approach to capitalize on the anticipated formation of a short-term top in the index, aiming for a 780-point profit with a robust 1:6 risk-reward ratio. Market Analysis The Nifty index has recently shown signs of consolidating at higher levels, prompting technical analysts to consider the possibility of a market correction. Several indicators suggest that the index may be reaching a short-term peak: Overbought Conditions: Technical indicators such as the Relative Strength Index (RSI) are nearing overbought territory, suggesting that the momentum may be waning. Resistance Levels: Historical price data indicates that the current levels are approaching key resistance points, where selling pressure typically increases. Divergence Signals: Some stocks within the index are showing bearish divergence, indicating that they may not sustain their upward momentum, which could lead to broader market weakness. Strategy Overview Entry Point The ideal entry point for this short-selling strategy is when the Nifty index demonstrates a clear reversal pattern or fails to breach resistance levels. This could be confirmed by candlestick formations, such as a bearish engulfing or shooting star pattern, alongside increasing volume on the sell side . On the latest 30 minute chart of GIFT NIFTY 25925 triggered the short sell opportunity on Nifty for upcoming trading sessions. Stop Loss To manage risk effectively, it is crucial to set a stop-loss order. In this strategy, a stop-loss should be placed above the identified resistance level, ensuring that potential losses are minimized. A stop-loss of approximately 130-150 points above the entry point is recommended, providing a controlled risk. Profit Target The profit target for this strategy is set at 780 points below the entry price. This target is based on previous support levels that have historically provided a floor for the index. Achieving this target will result in a favorable 1:6 risk-reward ratio, where the potential profit significantly outweighs the risk taken. Risk Management Effective risk management is essential in trading. This strategy's 1:6 risk-reward ratio means that for every point risked, there is a potential to gain six points. It’s important to remain disciplined and adhere to the stop-loss and profit target, even amidst market volatility. Execution Monitor Market Conditions: Keep an eye on macroeconomic factors, corporate earnings reports, and geopolitical developments that could impact market sentiment. Use Technical Indicators: Utilize tools such as moving averages, MACD, and Fibonacci retracement levels to refine entry and exit points given opportunity included RSI Divergence , CPR , Price action , Time cycles , Direction movement index. Stay Informed: Regularly update yourself on news that may influence the Nifty index. This includes central bank announcements, economic data releases, and significant market events. Conclusion This short-selling strategy for the Nifty index aims to leverage the potential formation of a short-term top while maintaining a disciplined approach to risk management. By targeting a profit of 780 points with a 1:6 risk-reward ratio, traders can position themselves effectively in a market that may be poised for a correction. As always, thorough research and a clear understanding of market dynamics are crucial for successful trading. Disclaimer Trading in financial markets involves risk, and it is essential to conduct your own research and consult with a financial advisor before making investment decisions.
NSEIX:NIFTY1!Short
by vishalmalviya6059
2
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 17 SEP 202417 Sep 2024 WORLD MARKETS 1. US markets are looking bullish. 2. It is waiting for the interest rate decision of fed. If Interest rate is kept unchanged, the market may react negatively. INDIA VIX AND GIFT NIFTY 1. India VIX is still below 13 indicating more bullishness. INDEX HEAVY WEIGHTS 1. HDFC Bank is in a range between 1681 - 1660. 2. ICICI Bank is bullish and has a tgt of 1274. 3. Reliance is bearish and has resistance at 2960. TRADING PLAN. 1. NIFTY OPEN BETWEEN 25350 - 25413: No Trade. 2. NIFTY OPEN ABOVE 25413: Sell any rally to 25500. 3. NIFTY OPEN BELOW 25350: Sell 25200 put if 25300 is sustained. 4.BANK NIFTY OPEN BETWEEN 52232 - 52074 : No Trade. 5.BANK NIFTY OPEN ABOVE 52232: Sell 52300 CALL for Any rally to 52300 and break below 52200. 6. BANK NIFTY OPEN BELOW 52074: Sell 52000 put if there is a consolidation and break above 52200 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
CONCOR -Daily - inverted Cup and Handle -BearishCONCOR—Daily—inverted Cup and Handle—Bearish. 9th Sep going to be Nifty gap down based Gift Nifty and US Market. In that case, Concor can open below good support 939. IF price sustains below 939 for 15 minutes or 30 minutes, can test 857 as per inverted Cup and Handle pattern target OI information: CE OI - 1000 will act as resistance PE OI - 940 will act as support, if sustained below 940 for 15 to 30 minutes, the price can test the 857 level. Always welcome for any comments with your feedback, or give it a like if you find it useful.
NSE:CONCORShort
by VCharts_TA
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 19 JUL 202419 Jul 2024 WORLD MARKETS 1. All the world markets are looking neutral with a bearish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is nearing 15 indicating increase in volatility as the budget nears. 2.GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has resistance at 1626 and support at 1608. 2. ICICI Bank has resistance at 1250 and support at 1230. 3. Reliance has support at 3110 and resistance at 3190. TRADING PLAN 1. NIFTY OPEN BETWEEN 24708 - 24888: Buy any dip to 24600 levels. 2. NIFTY OPEN ABOVE 24888: Wait for a dip to 24700. 3.NIFTY OPEN BELOW 24708: Wait for a consolidation between 24600 - 24700 and break above 24708. 4. BANK NIFTY OPEN BETWEEN 52558 - 52790 : Any consolidation between 52450 - 52550 and break above 52600 is a buy. 5.BANK NIFTY OPEN ABOVE 52800: Wait for a dip to 52600. 6. BANK NIFTY OPEN BELOW 52450: Wait for a consolidation and break above 52500. If it break below 52250, then sell. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
nifty bankniftynifty Support Zone 22147_21725 Resistance Zone 23026_23338 banknifty Support Zone 47737_46000 Resistance Zone 49974_50667_51133 The benchmark Sensex and Nifty indices are expected to open flat on June 7 following indication from GIFT Nifty, which is trading flat at 22,910. Indian stock markets ended positively for the second consecutive session on news of the BJP-led NDA securing a third consecutive term. Global stocks rose on expectations of a US rate cut and sustained growth in artificial intelligence. At closing, Sensex surged by 0.93 percent or 692.27 points, reaching 75,074.51, while the Nifty index closed at 22,821.40, up by 0.89 percent or 201 points. In broader indices, BSE MidCap rose by 2.3 percent, and BSE SmallCap saw a jump of 3.06 percent.
NSE:BANKNIFTY
by EarnPick
Bank nifty trades and targets - 4/6/24Hello Everyone. The market was in a bullish mode today. As per the gift nifty market it looks like a gap up opening tomorrow. If you made profits today then its better not to trade tomorrow as premiums are high and operators will try to get traders SL throughout the day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 50 points as we are getting very few trending moves.
NSE:BANKNIFTY
by GOPISRI
Nifty trades and targets - /6/24Hello Everyone. The market was in a bullish mode today. As per the gift nifty market it looks like a gap up opening tomorrow. If you made profits today then its better not to trade tomorrow as premiums are high and operators will try to get traders SL throughout the day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.
NSE:NIFTY
by GOPISRI
Fin nifty -Expiry and Results day Trades and targets for 4/6/24Hello Everyone. The market was in a bullish mode today. As per the gift nifty market it looks like a gap up opening tomorrow. If you made profits today then its better not to trade tomorrow as premiums are high and operators will try to get traders SL throughout the day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.
NSE:CNXFINANCE
by GOPISRI
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 27 MAY 202427 May 2024 WORLD MARKETS 1. World Markets are looking neutral to bullish. Asia is looking neutral to negative. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is still at 21.7 which is high. 2.GIFT Nifty is indicating a very flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is very bullish. 1530 is a very strong resistance which is 200 SMA. 2. ICICI Bank is consolidating a with a bullish bias. 1130 is a good support. 3. Reliance has support at 2953. 2960 is a strong resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 23000 - 22900 : NO TRADE. 2. NIFTY OPEN ABOVE 23000 : Wait for a consolidation and break above 23050 decisively. 3.NIFTY OPEN BELOW 22900 : Wait for a break below 22840. 4.BANK NIFTY OPEN BETWEEN 48850 - 49050 : NO TRADE. 5.BANK NIFTY OPEN ABOVE 49050: Wait for a break above 49100. However 49200 is also a strong resistance. 6.BANK NIFTY OPEN BELOW 48850: Wait for a break below 48750. If Bank Nifty consolidate and move above 48900, it's a buy. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968