BankNifty, Nifty, Gold & Bitcoin - Maha Bounce!In last week's video, we anticipated significant moves across BankNifty, Nifty, Gold, and Bitcoin, all aligning with NDA+ victory in the Maharashtra Assembly elections. Here’s a quick recap and what to watch next:
BankNifty: What's Next?
- The index could face resistance in the 51650-51950 zone as a Bearish Shark pattern unfolds along with falling channel resistance.
- If a gap-up move brings BankNifty into this resistance zone and it holds below 52000, it could present an opportunity to sell.
- Key Alert: If the index breaks above 52000, the Bearish Shark pattern becomes invalid, as it would breach the falling channel.
- In case of a gap-up opening at 51650-51950, be cautious of a sharp drop towards the 50950-51000- first target zone downside
- Further downside could extend to 50350-50550 if 50900 support breaks.
Gold: A $100+ Upside Move
Gold delivered a remarkable bounce, gaining over $100 + as discussed last week.
Bitcoin: Nearing $100,000
Bitcoin is on the verge of a monumental milestone, heading close to the $100,000 mark—a notable achievement since last week's prediction.
Stay sharp as we enter this critical week. Watch for the levels discussed, and remember to trade with caution. Let’s see how these setups play out!
Market whispers! Can You Hear Them?
Have a great week ahead!
Best regards,
WaveTalks
