Nifty and BankNifty Outlook and post market analysis for Nov10th
Nifty opened at Previous day's High and sold off at the opening to be in a range for most of session not able to take out opening high. 2nd half of session saw selloff to close below previous day's low. Price action was negative and intraday candle pattern is kind of bearish engulfing.
BankNifty opened at Previous day's Close and saw steady buying to make higher high and saw selloff in 2nd half of trading session. Price action was selloff from highs and candle pattern is not so positive.
Nifty and Bank Nifty Futures saw mild positive Open Interest.
Positive is both Nifty and BankNifty are consolidating above 20DMA for 4th consecutive sessions.
Can see up move above recent highs, for Nifty above 19500 and BakNifty 44000 levels.
BankNifty opened at Previous day's Close and saw steady buying to make higher high and saw selloff in 2nd half of trading session. Price action was selloff from highs and candle pattern is not so positive.
Nifty and Bank Nifty Futures saw mild positive Open Interest.
Positive is both Nifty and BankNifty are consolidating above 20DMA for 4th consecutive sessions.
Can see up move above recent highs, for Nifty above 19500 and BakNifty 44000 levels.