Banknifty looks much weaker if I compared it with nifty50
Today Banknifty closed nears its day's low and tomorrow's opening will set the tone as to where its gonna go.
As I have explained in my previous post, the up-move may continue if prices stay above 20530 levels, so the levels are still intact hence I will see, how it is going to be opening tomorrow and trade for the very first hour .
Currently, Banknifty Intra charts have 2 harmonic probabilities suggesting support levels as follows:-
1.) Bat Pattern: 20530- 20480
2. Shark Pattern:19080 and 18470-18340
So if the index slips below 20500, then its probably heading towards 19000 levels or below.
You are Trading at your own risk, thus do not follow blindly, do your own research, please.
Today Banknifty closed nears its day's low and tomorrow's opening will set the tone as to where its gonna go.
As I have explained in my previous post, the up-move may continue if prices stay above 20530 levels, so the levels are still intact hence I will see, how it is going to be opening tomorrow and trade for the very first hour .
Currently, Banknifty Intra charts have 2 harmonic probabilities suggesting support levels as follows:-
1.) Bat Pattern: 20530- 20480
2. Shark Pattern:19080 and 18470-18340
So if the index slips below 20500, then its probably heading towards 19000 levels or below.
You are Trading at your own risk, thus do not follow blindly, do your own research, please.
Related publications
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.
Related publications
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.