Bank Nifty | Pre-Market | Dec 2024 | Week-1
Bank Nifty closed the previous week with some Bullishness breaking out from the trend line resistance forming since 27 Sep 2024.
Last weeks candle was an indecision candle.
It's quite likely that BN fills the gap created by last weeks gap up opening.
Bank Nifty should turn Bullish only once it starts trading above the 50% zone of the previous fall which is above 52,200 level.
For the upcoming week, for now, Bank Nifty is in a trap zone since it is trading above December Monthly Pivot but below next week's Pivot.
Long View ~ Above 52,625
No trade view for any level in between.
Last weeks candle was an indecision candle.
It's quite likely that BN fills the gap created by last weeks gap up opening.
Bank Nifty should turn Bullish only once it starts trading above the 50% zone of the previous fall which is above 52,200 level.
For the upcoming week, for now, Bank Nifty is in a trap zone since it is trading above December Monthly Pivot but below next week's Pivot.
Long View ~ Above 52,625
No trade view for any level in between.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.