Nifty Bank IndexSingkat
BNF Heading towards 39700 ?
Hello All,
Please find my yesterday idea below where head and shoulder pattern was activated and nicely retested.
Market is sustaining in 40K levels but before breaching all time it might correct sometime. Based on FII and DII data FII has sold 2500 cr and DII bought around 250 cr.
38000-39700 was key level from where market has been pushed higher levels. If selling continues due to inflation fear we can see 39700 next week.
Always trade carefully because it’s your hard earned money.
Please note this is just my observation only and consult with your financial advisor before taking any trade.
Please find my yesterday idea below where head and shoulder pattern was activated and nicely retested.
Market is sustaining in 40K levels but before breaching all time it might correct sometime. Based on FII and DII data FII has sold 2500 cr and DII bought around 250 cr.
38000-39700 was key level from where market has been pushed higher levels. If selling continues due to inflation fear we can see 39700 next week.
Always trade carefully because it’s your hard earned money.
Please note this is just my observation only and consult with your financial advisor before taking any trade.
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