#Banknifty directions and levels for DEC 18th
"Good morning, friends. Directions for December 18th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral to slightly gap-down start based on Giftnifty, which shows -60.
After that, if the gap-down sustains, we can expect a minimum of 23 to 38% fib correction. After that, if the market takes support there (38%), then it might turn into a range market. However, if it breaks the fib level of 38%, then the correction is likely to continue with minor pullbacks.
On the other hand, if the gap-down doesn't sustain and takes a pullback initially, then we can expect pullback continuation when it breaks the immediate resistance."
After that, if the gap-down sustains, we can expect a minimum of 23 to 38% fib correction. After that, if the market takes support there (38%), then it might turn into a range market. However, if it breaks the fib level of 38%, then the correction is likely to continue with minor pullbacks.
On the other hand, if the gap-down doesn't sustain and takes a pullback initially, then we can expect pullback continuation when it breaks the immediate resistance."
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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.