Good morning, Friends! 🌞
Here are the market directions and levels for February 13th:
Market Overview
The global market continues to maintain a bullish sentiment (as indicated by the Dow Jones), while the local market is showing a moderately bullish sentiment. Today, the market may open with a neutral to slight gap-up, as the GiftNifty signals a positive move of 60 points.
In the previous session, both Nifty and Bank Nifty experienced a solid pullback. Despite the pullback, we are still in a bearish trend in the larger picture, so some seller dominance is possible.
> If the market pulls back strongly and breaks the immediate resistance effectively, we can expect the pullback to continue.
>On the other hand, if it rejects around the immediate resistance level, the market could consolidate within the previous day's range with a bullish bias.
Apart from this, the levels and directions are shared in the chart. Please check the chart for more details.
Have a nice day!
Here are the market directions and levels for February 13th:
Market Overview
The global market continues to maintain a bullish sentiment (as indicated by the Dow Jones), while the local market is showing a moderately bullish sentiment. Today, the market may open with a neutral to slight gap-up, as the GiftNifty signals a positive move of 60 points.
In the previous session, both Nifty and Bank Nifty experienced a solid pullback. Despite the pullback, we are still in a bearish trend in the larger picture, so some seller dominance is possible.
> If the market pulls back strongly and breaks the immediate resistance effectively, we can expect the pullback to continue.
>On the other hand, if it rejects around the immediate resistance level, the market could consolidate within the previous day's range with a bullish bias.
Apart from this, the levels and directions are shared in the chart. Please check the chart for more details.
Have a nice day!
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.
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.