Bank Nifty Current View:
Similar to Nifty, if Bank Nifty starts with a gap-down, it may consolidate between the previous high and the downside minor demand zone (51661). This is the basic structure.
Alternate View:
The alternate view suggests that if the market breaks this level solidly or consolidates around the minor demand zone (51661), then the correction is likely to continue towards the 38% Fibonacci level.
Similar to Nifty, if Bank Nifty starts with a gap-down, it may consolidate between the previous high and the downside minor demand zone (51661). This is the basic structure.
Alternate View:
The alternate view suggests that if the market breaks this level solidly or consolidates around the minor demand zone (51661), then the correction is likely to continue towards the 38% Fibonacci level.
Note
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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.
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.