NIFTY 50 ANALYSIS
Before continuing to analyse the Market, please read the Disclaimer at the end.
Tomorrow Nifty 50 index consist of five scenarios, and those are mentioned below. And moreover, Market is already All time High. So, expecting the correction in the Market. Call side Trade is not advisable.
Please Review the Box’s and Levels carefully before Trading.
NO TRADE ZONES
As per the Image, Upside (23945-23993) & Downside (23723-23751) Boxes are “No Trade Zones” which means taking trade in that Zones are not advisable.
BANK NIFTY ANALYSIS-27 JUNE-2024
Scenarios
Open as Gap up at 23993 – Sustain and Move upside at the point of 23993 and above, then the Target is 24065
Open as Gap up at 23945 – Sustain or Move downside at the point of 23945 and below, then the Target is 23893 followed by 23870
Open as Flat – Between 23870 & 23823 – Market moves according to the direction. If the candles break and move upside of the box 23870, then it may hit 23893, 23945 and come to put side direction. If the candles break and move downside of the box 23823, then it may hit 23757 on downside or it will move upside and hit above levels and it will move to put side direction.
Open as Gap down – Sustain or move upside at the point of 23751 and above, then it may or may not hit the above-mentioned levels and move towards put side direction.
Open as Gap down – Sustain or move towards upside at the point of 23723 and it may or may not hit the above levels and move towards put side direction. Pure Put side trade will be possible once the breaking point of 23668. If its break, then the first Target is 23560.
Disclaimer
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