Banknifty on the weekly time frame has given a nice lower wick rejection and formed a doji. Though the market are in the bearish move but the weekly candle is showing a short term positive momentum in the index.
For last 2 trading session the market has sustain the opening levels and soaked in all the sell pressure it exerted in the last hour of session. 38.2% fibonnaci level is near and if it starts trading above it, 50% levels can be reached.
On the hourly time frame, the market has show a 'U' shape kind of a recovery and the last hour momentum is showing some positive sentiment.
SGX nifty is showing a negative closing of 117 points. Indian markets will follow the global market, watch for the global market in the morning.
Support :- 39000, 38550
Resistance :- 39780, 40080
Wait for the price action near the levels before entering the market.
For last 2 trading session the market has sustain the opening levels and soaked in all the sell pressure it exerted in the last hour of session. 38.2% fibonnaci level is near and if it starts trading above it, 50% levels can be reached.
On the hourly time frame, the market has show a 'U' shape kind of a recovery and the last hour momentum is showing some positive sentiment.
SGX nifty is showing a negative closing of 117 points. Indian markets will follow the global market, watch for the global market in the morning.
Support :- 39000, 38550
Resistance :- 39780, 40080
Wait for the price action near the levels before entering the market.
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.
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.