#Nifty & #BankNifty - Both sitting at very crucial levels
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As already highlighed in the previous posts, 10,330 and 22,000 levels are very important resistance zone for Nifty and BankNifty. In today's session, we saw both of them getting rejected after testing those zones and forming bearish candles.
We should see a big move in the next few sessions once we either cross the resistance zones or get rejected from them which would lead to a bearish move.
DJI has closed positive from it's day's open and that is a good news for Indian markets. Thus, i am more inclined towards seeing a positive move tomorrow but then we need to be prepared for both cases.
“Don't make friends with trend, make friends with each candlestick”― Vivek Nair
Before you start reading kindly hit that like button and follow. It motivates me to keep doing such work for free.
Thanks
As already highlighed in the previous posts, 10,330 and 22,000 levels are very important resistance zone for Nifty and BankNifty. In today's session, we saw both of them getting rejected after testing those zones and forming bearish candles.
We should see a big move in the next few sessions once we either cross the resistance zones or get rejected from them which would lead to a bearish move.
DJI has closed positive from it's day's open and that is a good news for Indian markets. Thus, i am more inclined towards seeing a positive move tomorrow but then we need to be prepared for both cases.
“Don't make friends with trend, make friends with each candlestick”― Vivek Nair