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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.