It has given a nice up move in a single candle and closed forming a flag and pole pattern.
The market movement is consolidation, a move and consolidation again.
Tomorrow being the weekly expiry banknifty may give a trending move.
Major resistance levels :- 47700, 47830, 48000
If there is a gap up opening, there are chance of market moving even higher and closing above 48k levels.
In case of a flat to slight gap down opening, a bullish move can be captured as per the price action.
Support levels :- 47500, 47280
Wait for the price action near the levels before entering the markets.
The market movement is consolidation, a move and consolidation again.
Tomorrow being the weekly expiry banknifty may give a trending move.
Major resistance levels :- 47700, 47830, 48000
If there is a gap up opening, there are chance of market moving even higher and closing above 48k levels.
In case of a flat to slight gap down opening, a bullish move can be captured as per the price action.
Support levels :- 47500, 47280
Wait for the price action near the levels before entering the markets.
Nota
The market is around a crucial levels and is sustaining the levels.
But nifty is giving a downside move and RSI is showing bearish divergence.
A bearish move can be captured in the market.
Wait for market to break 47950 levels.
:)
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.