End of Day Review & Analysis of Nifty BankNifty for Dec 28, 2023
Nifty opened above previous day’s close and kept on building on gains step by step. Today’s price action was strong buying at every small dips resulting in a strong bullish candle closing above previous highs and making a new high. 21600-21700 zone witnessed Call addition and 21500-400 saw large build up of Puts confirming support. Positionally Nifty looks good to test 22000 soon.
BankNifty also opened above previous day’s close to follow Nifty buy on every dips. Price action was strong bullish forming a bullish candle and closing at new high. 48000 was earlier support now acts a strong support which enables BankNifty to test 50000 levels in near term
US Markets were also flat to positive in the year end week.
BankNifty also opened above previous day’s close to follow Nifty buy on every dips. Price action was strong bullish forming a bullish candle and closing at new high. 48000 was earlier support now acts a strong support which enables BankNifty to test 50000 levels in near term
US Markets were also flat to positive in the year end week.