Bank Nifty Current View:
The current view for Bank Nifty is similar to that of Nifty. If the market declines initially, it could reach a minimum of 49,104. After that, if it consolidates or breaks this level, we can expect a continuation of the correction to the levels of 48,906 to 48,680. On the other hand, if it finds support there, it could take a range-bound structure between the upside of 38% and the level of 49,104.
Alternate View:
The alternate view for Bank Nifty suggests that if the market sustains the gap-up, it could reach a minimum of the 23% to 38% mark. However, the 38% level is a major resistance level. If the market rejects this level, it may consolidate between the 38% and the previous day's low with a bearish bias. However, if the market breaks the 38% level with a strong candle or after some minor consolidation, it could reach the 50% level.
The current view for Bank Nifty is similar to that of Nifty. If the market declines initially, it could reach a minimum of 49,104. After that, if it consolidates or breaks this level, we can expect a continuation of the correction to the levels of 48,906 to 48,680. On the other hand, if it finds support there, it could take a range-bound structure between the upside of 38% and the level of 49,104.
Alternate View:
The alternate view for Bank Nifty suggests that if the market sustains the gap-up, it could reach a minimum of the 23% to 38% mark. However, the 38% level is a major resistance level. If the market rejects this level, it may consolidate between the 38% and the previous day's low with a bearish bias. However, if the market breaks the 38% level with a strong candle or after some minor consolidation, it could reach the 50% level.
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.