BankNifty Idea for 24 August, 2022 - Trade setup
Since the maket opened at 38000 levels yesterday, the sellers make huge profit in 2 days(about 1500 points). They would have wanted to buy a cover causing the market to have a good recovery.
Now since the market closed around 38850 levels, I think the market might take a pause today and become volatile in the range of 38800 to 39050, if the market opens at the same level or gaps up by 10-200 points.
If the market closes within the same level, then on thursday we might get a good buying opportunity on the up side, leading to a 300-500 point move.
Now since the market closed around 38850 levels, I think the market might take a pause today and become volatile in the range of 38800 to 39050, if the market opens at the same level or gaps up by 10-200 points.
If the market closes within the same level, then on thursday we might get a good buying opportunity on the up side, leading to a 300-500 point move.
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