Bank Nifty witness small correction - news effect corona
Bank Nifty witness small correction - news effect corona Opportunity for Buyers
This analysis is based trend line where we saw reversal from low of 32500 on 17-06-2022 then breakout on 19-07-22 of DMA-108 next. With low from 17-06-2022 Trend line appeared as support and market reversed from 37670 and made a high of 44241. Now trend reversed to downside.
Now, support at 41400 seems a reversal point on the basis of trend line drawn based on previous lows. If Break 41400, we may see next support as good support at 40400 based on DMA108. Looking for opportunity on Bank Nifty Index at 41400 for upside trend. This is next analysis to my previous shared chart of Bank nifty in coming weeks.
This small correction was long due. Thanks to news of corona from Bears. Advance Thanks for Bulls at 41400 or 40400 where the news effect erodes.
Both points and mid of both points would be finest opportunities for buyers.
This analysis is based trend line where we saw reversal from low of 32500 on 17-06-2022 then breakout on 19-07-22 of DMA-108 next. With low from 17-06-2022 Trend line appeared as support and market reversed from 37670 and made a high of 44241. Now trend reversed to downside.
Now, support at 41400 seems a reversal point on the basis of trend line drawn based on previous lows. If Break 41400, we may see next support as good support at 40400 based on DMA108. Looking for opportunity on Bank Nifty Index at 41400 for upside trend. This is next analysis to my previous shared chart of Bank nifty in coming weeks.
This small correction was long due. Thanks to news of corona from Bears. Advance Thanks for Bulls at 41400 or 40400 where the news effect erodes.
Both points and mid of both points would be finest opportunities for buyers.