BankNifty Analysis - Stance Bullish ⬆️
Banknifty was looking strong right from the start. Unlike Nifty, BN did not have a huge gap up, but the rising trend was clear and strong. The reason it was strong was because the moves were not wild swings but slow & steady.
If you look at the 63mts candlesticks, you can notice the body becoming smaller. Usually, it is a sign of tiredness by the bulls as we are in an uptrend. We will get to know that on Friday, we wish to maintain our bullish stance till then.
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Algo Trading
Our Algos ended the day with a gain of Rs33351. I did not wait out the entire session and closed out the trades in advance expecting a wild move due to the US CPI news event.
Banknifty was looking strong right from the start. Unlike Nifty, BN did not have a huge gap up, but the rising trend was clear and strong. The reason it was strong was because the moves were not wild swings but slow & steady.
If you look at the 63mts candlesticks, you can notice the body becoming smaller. Usually, it is a sign of tiredness by the bulls as we are in an uptrend. We will get to know that on Friday, we wish to maintain our bullish stance till then.
---
Algo Trading
Our Algos ended the day with a gain of Rs33351. I did not wait out the entire session and closed out the trades in advance expecting a wild move due to the US CPI news event.
balc
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.
balc
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.