Bank Nifty Current View:
The Bank Nifty current view has two variations:
> First Variation: If the gap-down sustains, it will likely consolidate within the previous day's range. In this sentiment, a correction will only be expected if it breaks the previous bottom, meaning that until the previous bottom is broken, the market bias could remain moderately bullish.
> Second Variation: This is conditional; the initial market should take a solid pullback and could reject around the immediate resistance zone. If this occurs, the market will turn into a correction phase, supported by structural reasons.
Alternate View:
The alternate view is similar to that of Nifty. If the gap-down does not sustain or if the market finds support around the 38%, we can expect some consolidation between the 38% and the upside 61% mark. In this case, the supply zone may not be as effective.
The Bank Nifty current view has two variations:
> First Variation: If the gap-down sustains, it will likely consolidate within the previous day's range. In this sentiment, a correction will only be expected if it breaks the previous bottom, meaning that until the previous bottom is broken, the market bias could remain moderately bullish.
> Second Variation: This is conditional; the initial market should take a solid pullback and could reject around the immediate resistance zone. If this occurs, the market will turn into a correction phase, supported by structural reasons.
Alternate View:
The alternate view is similar to that of Nifty. If the gap-down does not sustain or if the market finds support around the 38%, we can expect some consolidation between the 38% and the upside 61% mark. In this case, the supply zone may not be as effective.
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.