#Banknifty directions and levels for February 10th:
Bank Nifty – Current View
Bank Nifty’s structure is similar to Nifty’s. If the market sees a solid initial decline, we can expect a minimum target of 49,742. After that, if a pullback occurs, we may see a range-bound market. However, if 49,742 breaks, the correction is likely to continue.
Bank Nifty – Alternate View
The alternate view suggests a bullish sentiment. However, initially, we should approach it as a range-bound market. The rally will continue only if the market breaks the previous high.
Bank Nifty’s structure is similar to Nifty’s. If the market sees a solid initial decline, we can expect a minimum target of 49,742. After that, if a pullback occurs, we may see a range-bound market. However, if 49,742 breaks, the correction is likely to continue.
Bank Nifty – Alternate View
The alternate view suggests a bullish sentiment. However, initially, we should approach it as a range-bound market. The rally will continue only if the market breaks the previous high.
Penafian
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