Is Bank Nifty Resuming Its Bearish Move?
Bank Nifty is occurring in the range between 34700 and, 33370. To get a tradable move, traders should wait for the breakdown of this range.
Traders can short below 34100 for the following targets: In this phase of declining, traders must wait for a confirmation signal. Buyers can enter above 34700.
Is Nifty Preparing For 15950?
Nifty is forming in the range of 17500 – 16340. Price will face a consolidation if it trades between these levels. We can see big impulsive moves after the price breaks this level.
Today, We will see a gap down in nifty with a speculative boom.
After Gap is down, if the price sustains below 16220, traders can expect the following targets: .
Bottom always takes time to be formed. A long position is only possible above 16800.
Premium subscribers can wait for the future & options setup.