#Banknifty directions and levels for January 9th, Thursday:
Bullish View:
The bullish view indicates that even if the market opens with a gap-down, it could take a minor pullback. If this happens, the immediate resistance could be the pullback target. However, until it breaks the immediate resistance 38%, the market could consolidate between 38% and 49522. If it breaks the immediate resistance, we can expect pullback continuation.
Bearish View:
This is similar to the first one, meaning initially we can expect a range-bound market. If it breaks the bottom of the range, we can expect a continuation of the correction. This is today's basic structure.
The bullish view indicates that even if the market opens with a gap-down, it could take a minor pullback. If this happens, the immediate resistance could be the pullback target. However, until it breaks the immediate resistance 38%, the market could consolidate between 38% and 49522. If it breaks the immediate resistance, we can expect pullback continuation.
Bearish View:
This is similar to the first one, meaning initially we can expect a range-bound market. If it breaks the bottom of the range, we can expect a continuation of the correction. This is today's basic structure.
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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.