Bank Nifty current view:
Current view suggests that if the initial market declines and breaks the immediate support level, we can expect a minimum of 58896 to 58822.
Alternate view:
If the market starts positive or if the initial move pulls back, we can expect a maximum of 38 to 61% in the current swing. Structurally, it’s a corrective pattern, so once it reaches that area, the correction may continue there.
Current view suggests that if the initial market declines and breaks the immediate support level, we can expect a minimum of 58896 to 58822.
Alternate view:
If the market starts positive or if the initial move pulls back, we can expect a maximum of 38 to 61% in the current swing. Structurally, it’s a corrective pattern, so once it reaches that area, the correction may continue there.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.