Nifty Bank IndexPanjang
Bank Nifty | Pre Market Weekly View | 09 Dec - 13 Dec 2024
Bank Nifty closed the previous week with a strong Bullish candle which has closed comfortably above the 50% zone of the previous fall.
For the next week, I have a strong feeling that BN could be range bound to mildly Bullish.
The overall trend is certainly Bullish. However, since there has been a strong rally last week, there could be some profit booking.
Again, a buy on dip strategy can be applied here.
Upside resistance zone is 54,200.
So, if there's a big gap up, look for short side reversal.
If there's a gap down, look for price action and buy.
For the next week, I have a strong feeling that BN could be range bound to mildly Bullish.
The overall trend is certainly Bullish. However, since there has been a strong rally last week, there could be some profit booking.
Again, a buy on dip strategy can be applied here.
Upside resistance zone is 54,200.
So, if there's a big gap up, look for short side reversal.
If there's a gap down, look for price action and buy.
Penafian
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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.