#Banknifty directions and levels for January 14th, Tuesday:
Current View:
The current view, based on the structure, is that as per the long correction, this kind of gap-up might not sustain.
> If the initial market declines, it could consolidate between the previous low and today’s opening price, or to the 38% resistance level.
> After that, if it breaks the previous low, then the correction will likely continue.
Alternate View:
The alternate view says:
> If the gap-up sustains or if it breaks the major resistance at 38% with a solid candle, then it could reach a minimum of 50% to 61% in the minor swing.
The current view, based on the structure, is that as per the long correction, this kind of gap-up might not sustain.
> If the initial market declines, it could consolidate between the previous low and today’s opening price, or to the 38% resistance level.
> After that, if it breaks the previous low, then the correction will likely continue.
Alternate View:
The alternate view says:
> If the gap-up sustains or if it breaks the major resistance at 38% with a solid candle, then it could reach a minimum of 50% to 61% in the minor swing.
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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.