#Banknifty directions and levels for February 11th:
Bank Nifty Current View
The Bank Nifty structure is similar to Nifty. If the market declines initially, it could reach a minimum of 49,777 to 49,611. After that, if it consolidates or breaks this level, we can expect the correction to continue. On the other hand, if it finds support there, it could form a range-bound structure between the upside level of 50,172 and the bottom at 49,611.
Alternate View
The alternate view suggests that if the market sustains the gap-up, it could reach 50,172, which is a major resistance level. If the market rejects at this level, it may consolidate between 50,172 and 49,611 with a bearish bias. However, if the market breaks the 50,172 level with a strong candle or after some minor consolidation, it could reach the 50,441 level in this minor swing.
The Bank Nifty structure is similar to Nifty. If the market declines initially, it could reach a minimum of 49,777 to 49,611. After that, if it consolidates or breaks this level, we can expect the correction to continue. On the other hand, if it finds support there, it could form a range-bound structure between the upside level of 50,172 and the bottom at 49,611.
Alternate View
The alternate view suggests that if the market sustains the gap-up, it could reach 50,172, which is a major resistance level. If the market rejects at this level, it may consolidate between 50,172 and 49,611 with a bearish bias. However, if the market breaks the 50,172 level with a strong candle or after some minor consolidation, it could reach the 50,441 level in this minor swing.
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.
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.