Nifty Bulls Are Back? Nifty Banknifty analysis + levels in 5mins
Despite the weak open, the markets were able to recover in the second half, with Nifty nearly touching 15,600. While the short-term trend still appears bullish to me, we have seen a bit of consolidation of sideways correction after a fresh ATH is made before the next leg of the rally.
Open interest data appears to have a bullish bias as of today's closing, but a lot can change overnight. India VIX closed positive after a while.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,420, 15,431, 15,480, 15,590 --- 15,620, 15,680
Levels for Banknifty: 34,480, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
Open interest data appears to have a bullish bias as of today's closing, but a lot can change overnight. India VIX closed positive after a while.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,420, 15,431, 15,480, 15,590 --- 15,620, 15,680
Levels for Banknifty: 34,480, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
