Free Stock market / Nifty intraday tips

SPOT BANKNIFTY, will not back again? Answer is, Still exist BULLS

Spot bank nifty closed at support.
Last hope at 29211.
Trend line support 29395 – 29450

Even if the trend channel is continuing, and the following possibilities still exist;

  • 1) Gravitate price will attract the value, so long traders have target 29977.
  • 2) The support at 29395-29450 will push the nifty toward to 29700.
  • 3) Last hope at 29211, if bank nifty slip to that will be a pure bearish trend.

The formation of a bearish candle following a bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.

It can slip the next 1-2 sessions if above is not exist.

Previous ArticleNext Article

1 Comment

Leave a Reply

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted.