Bank Nifty
Current View:
The Bank Nifty chart is saying that if the market opens with a gap-down, then it may continue the correction, reaching a minimum of 61% with some minor consolidation. After that, if it finds support there, we can expect a maximum bounce of 23% to 38%. Structurally, it won’t sustain. Once it rejects there, then the correction will likely continue.
Alternate View:
Alternatively, if the initial market takes a solid bounce back and breaks the 38% Fibonacci level in the minor swing, then it may turn into a range market.
Current View:
The Bank Nifty chart is saying that if the market opens with a gap-down, then it may continue the correction, reaching a minimum of 61% with some minor consolidation. After that, if it finds support there, we can expect a maximum bounce of 23% to 38%. Structurally, it won’t sustain. Once it rejects there, then the correction will likely continue.
Alternate View:
Alternatively, if the initial market takes a solid bounce back and breaks the 38% Fibonacci level in the minor swing, then it may turn into a range market.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.