Banknifty saw a 3 weeks of party from bears, falling from ATH 27652 to this week close of 25163 shedding over 2489 points. Now the line of hope is near the bulls. Bulls by all means will try to defend 24600, the final line of defense for me is 23635. if 23635 breaks, embrace yourself as storm is coming, long time market will be shifting to bear phase with all the rallies will be shorted, but by anyways means if 24600/23635 is defended then one more leg to ATH will be coming in the coming days.
The levels pretty big but this not a trade idea this is just a weekly view.
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Disclaimer: by all means i can be wrong and its advised to consult your trading or financial advisor before taking any trade decisions based on my views.
The levels pretty big but this not a trade idea this is just a weekly view.
If you like: To get updated with my posts and track my posts do subscribe, if have any stocks to be checked do drop a message will check them and post my views.
Disclaimer: by all means i can be wrong and its advised to consult your trading or financial advisor before taking any trade decisions based on my views.