#banknifty weekly overview (18th Jan to 22nd Jan'21)
#banknifty weekly overview (18th Jan to 22nd Jan'21)
We formed a Doji on Weekly Chart (High:- 32,718.95 / Low:- 31,725.85) and we have only 10 sessions before the budget on 1st Feb. The market will remain volatile in the next 2 weeks with big swings without taking any direction before the budget.
The BN might stay in the last week range having 70% probability and any breakout of this range might see 600 points moves.
Boarder range:- 31,725 - 31,718 & Larger Range :- 31,112 - 33,332
32,222 is the midpoint, above positive & below negative, just react to the situation instead of forecasting, is the best option to trade before the budget.
Regards,
SG
We formed a Doji on Weekly Chart (High:- 32,718.95 / Low:- 31,725.85) and we have only 10 sessions before the budget on 1st Feb. The market will remain volatile in the next 2 weeks with big swings without taking any direction before the budget.
The BN might stay in the last week range having 70% probability and any breakout of this range might see 600 points moves.
Boarder range:- 31,725 - 31,718 & Larger Range :- 31,112 - 33,332
32,222 is the midpoint, above positive & below negative, just react to the situation instead of forecasting, is the best option to trade before the budget.
Regards,
SG
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.