Bank Nifty Gann fan Support and Resistance
As per my short term analysis ,i assume price may rejection from the black trend line and will continue its - DOWNTREND
Reasons -
1. FIIs selling heavily - assuming that inflation rates going to be more higher so it will affect bank interest as well.
when inflation increases , Gold price also starts increasing . As Gold is considered as a hedge of it.
2. New "Omicron Variant" of covid-19 is in lime lite Gin , see the covid-19 graph ,Though its not much that panic situation still FIIs press sell buttons on top
date category buyValue sellValue netValue
1-Dec-21 DII ** 6651.88 3184.86 3467.02
1-Dec-21 FII/FPI * 8588.49 11354.33 -2765.84
Reasons -
1. FIIs selling heavily - assuming that inflation rates going to be more higher so it will affect bank interest as well.
when inflation increases , Gold price also starts increasing . As Gold is considered as a hedge of it.
2. New "Omicron Variant" of covid-19 is in lime lite Gin , see the covid-19 graph ,Though its not much that panic situation still FIIs press sell buttons on top
date category buyValue sellValue netValue
1-Dec-21 DII ** 6651.88 3184.86 3467.02
1-Dec-21 FII/FPI * 8588.49 11354.33 -2765.84
Nota
What a great move now at its Daily Trend Line. Lets see tomorrowNota
Trend Line breakout with making HIgher highs
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.