Bank Nifty might rally on weekly expiry date(March 16th)
Hi Everyone,
I have analysis bank nifty chart in one hour and day time frame. In day time frame bank nifty is in a bull flag and price reached the bottom of the flag. As per one hour time frame, the final candle is hammer (weak signal bar). Also now the price in support zone and move many points from Moving average 20. So I strongly believes tomorrow (March 16, 2023) the price of bank nifty might rally well. Since tomorrow is a expiry day, so need to wait confirmation candle bar. Also please do your own research before taking trade in F&O.
Regarding,
Market GM
I have analysis bank nifty chart in one hour and day time frame. In day time frame bank nifty is in a bull flag and price reached the bottom of the flag. As per one hour time frame, the final candle is hammer (weak signal bar). Also now the price in support zone and move many points from Moving average 20. So I strongly believes tomorrow (March 16, 2023) the price of bank nifty might rally well. Since tomorrow is a expiry day, so need to wait confirmation candle bar. Also please do your own research before taking trade in F&O.
Regarding,
Market GM