Disclaimer: Information on this site is only for Education Purpose. Don't take our Articles as any Investment or Trading Advice, as we are not SEBI Registered.
Disclaimer: Information on this site is only for Education Purpose. Don't take our Articles as any Investment or Trading Advice, as we are not SEBI Registered.
Nifty Bank is looking Strong, but the weekly and monthly expiry is near, so we are expecting a fluctuation in prices.
Nifty is looking strong as of Now, but today's sideways market, questioning its further upside potential, because it is currently recovering from the previous selling.
Nifty Bank is looking for reversal after making a Piercing Line Pattern on Daily Chart, after a huge 1000 points rally from the day low on Friday.
Nifty is turning bullish but it may be like a deer's thirst and a major fall is waiting, who knows. Anyway if Nifty breaks above 22,500 then we can see a rally towards new high, as it made a Piercing Line Pattern which is a Bullish Reversal Pattern.
Nifty breaks the support zone of 22,000 level indicating a strong bearish trends, but we need to wait for Nifty to cross the 22,125 level for any Reversal.
Indian Equity market is under pressure after weak Global Clues, hence we saw more than 2.5% correcting in Nifty from the high, and looking for further more corrections.
Nifty is looking weak as it fall drastically in the last trading session at around 22,500 level, and there is no near term rest for Nifty after weak US market.
Bank Nifty is Strong but this rally should be put on hold after higher than expected US inflation data came out. So take a look at the potential Support levels for Bank Nifty for Friday.
Nifty is strong, but after the US inflation data - US stock Market faces heavy sell off, cutting the hope of US Fed rate cut - may halt the rally of the Indian Market.
Nifty Bank made a new all-time high on monday after 3.5 months. But Index doesn't seems strong as RSI is falling.
Nifty is looking Strong, as it makes a new all-time high on Monday led by Auto and Energy Sector, but for Nifty to reach 23,000 it need not to breach any support levels.
Bank Nifty is currently trading around its all-time high showing strength in the market, but it may test the 48,000 level to continue the uptrend.
Nifty is trying to break the support level of 22,400 but rally in IT Stocks makes it move above and test the 22,500 level once again - forming a double top pattern.
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