Nifty Bank IndexLong
Bank Nifty | Pre Market Weekly View | 09 Dec - 13 Dec 2024
Bank Nifty closed the previous week with a strong Bullish candle which has closed comfortably above the 50% zone of the previous fall.
For the next week, I have a strong feeling that BN could be range bound to mildly Bullish.
The overall trend is certainly Bullish. However, since there has been a strong rally last week, there could be some profit booking.
Again, a buy on dip strategy can be applied here.
Upside resistance zone is 54,200.
So, if there's a big gap up, look for short side reversal.
If there's a gap down, look for price action and buy.
For the next week, I have a strong feeling that BN could be range bound to mildly Bullish.
The overall trend is certainly Bullish. However, since there has been a strong rally last week, there could be some profit booking.
Again, a buy on dip strategy can be applied here.
Upside resistance zone is 54,200.
So, if there's a big gap up, look for short side reversal.
If there's a gap down, look for price action and buy.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.