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Sandeep_CA

End of Day Review & Analysis of Nifty BankNifty for Dec 1, 2023

Long
Nifty 50 Index (NSE:NIFTY)  
Sandeep_CA  
NSE:NIFTY   Nifty 50 Index
Technical Indicators Chart Patterns Trend Analysis
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indicator chartpattern trendanalysis
Nifty opened Gap Up again and made a higher high and saw profit booking to find support at 20000 levels later saw buying in post noon session to close almost near day’s high. Price action was strong and positive forming a bullish candle. Will have further momentum towards new high if today’s high is taken out.
BankNifty was weak today it under performed in post noon session, though closed well above day’s low.
Today was November month Options expiry day so OI data won’t give much information.

US futures were positive.
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