BANKNIFTY for 04 August 2023
BANKNIFTY has closed at a very interesting position today. It broke down 44502, which is a crucial support, but again moved up and closed for the day above this level. On the other hand, it closed right below the fibo-1 (which is 44550.80).
We need to look at how the market opens tomorrow and observe the movement for the initial half an hour. In case of a gap-down opening, the market could test the 44181 level, before deciding the next course of movement. In case of a Gap-up opening, we need to wait till it breaks and sustains above the 44774 level.
Note: This is just a personal opinion and not a trading suggestion. Do your own analysis before initiating a trade.
We need to look at how the market opens tomorrow and observe the movement for the initial half an hour. In case of a gap-down opening, the market could test the 44181 level, before deciding the next course of movement. In case of a Gap-up opening, we need to wait till it breaks and sustains above the 44774 level.
Note: This is just a personal opinion and not a trading suggestion. Do your own analysis before initiating a trade.
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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.