#Banknifty directions and levels for February 18th:
Current View:
the pullback has bullish momentum. So, even if the market starts negatively (as indicated by Gift Nifty), we can expect a pullback after some decline because RSI and other parameters support it.
Here, a correction will occur only if the decline forms in a straight line and consolidates around the previous bottom. Until then, we could maintain a bullish bias in today’s session.
Alternate View:
The alternate view suggests that if the market opens with a gap up or if the initial market takes a pullback, the rally will likely continue with some rejections.
the pullback has bullish momentum. So, even if the market starts negatively (as indicated by Gift Nifty), we can expect a pullback after some decline because RSI and other parameters support it.
Here, a correction will occur only if the decline forms in a straight line and consolidates around the previous bottom. Until then, we could maintain a bullish bias in today’s session.
Alternate View:
The alternate view suggests that if the market opens with a gap up or if the initial market takes a pullback, the rally will likely continue with some rejections.
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.