Bank Nifty
Bank Nifty had a significant swing, but it looks like a range-bound market. My expectation for this week is a sharp and long rally. that's If the market sustains around the 61% Fibonacci level, then it could reach a minimum of 51,563 and potentially up to the 78% level. This is our primary scenario.
Alternate Variation:
The alternate scenario is similar to Nifty because of the range-bound structure. so, If the market breaks below the 38% Fibonacci level on the downside, then the range-bound market will likely continue. However, if it doesn’t break below the 38% level, we can expect consolidation between the previous high and the downside 38% level.
Bank Nifty had a significant swing, but it looks like a range-bound market. My expectation for this week is a sharp and long rally. that's If the market sustains around the 61% Fibonacci level, then it could reach a minimum of 51,563 and potentially up to the 78% level. This is our primary scenario.
Alternate Variation:
The alternate scenario is similar to Nifty because of the range-bound structure. so, If the market breaks below the 38% Fibonacci level on the downside, then the range-bound market will likely continue. However, if it doesn’t break below the 38% level, we can expect consolidation between the previous high and the downside 38% level.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.