Today banknifty was down by 281.60 Points or 0.81%. A sideways day and Vix closed below 19 today.
Let's analyse for Tomorrow, Still market is in uptrend only. Today banknifty taken support from 0.382 Fibo level and last hour given good upside move and closed above trendline which is a bullish sign !
💚 Tomorrow anywhere between 34600 to 34800 we can look for...
On 12th May Banknifty was Down by 419.90 Points or 1.28%. Opened Gap down and intraday movement was much volatile.
Let's analyse for Tomorrow, Banknifty breaked the 0.5 important level of fibo we talked on previous analysis post, which is a sign of bearishness.
After crossing 32600 level, you can look for buying opportunity. If opened Flat and crossed our buying...
On 12th May Banknifty was Down by 419.90 Points or 1.28%. Opened Gap down and intraday movement was much volatile.
Let's analyse for Tomorrow, Banknifty breaked the 0.5 important level of fibo we talked on previous analysis post, which is a sign of bearishness.
After crossing 32600 level, you can look for buying opportunity. If opened Flat and crossed our buying...
Today Banknifty was Up by 669.90 Points or +2.15%. "A bear trap" as always when retailers becomes too much bearish about markets, moves like today by big players are common...!
Let's analyse for Tomorrow, Banknifty has given a very good breakout in 15 mins timeframe (refer above chart), looks like 30500 level becoming bottom.
Banknifty needs to be sideways...
