BANK NIFTY ANALYSIS
Before continuing to analyse the Market, please read the Disclaimer at the end.
Tomorrow Bank Nifty 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.
NIFTY 50 ANALYSIS-27 JUNE-2024
NO TRADE ZONES
As per the Image, Upside (53103-53214) & Downside (52487-52541) Boxes are “No Trade Zones” which means taking trade in that Zones are not advisable.
Scenarios
Open as Gap up at 53214
Sustain and Move upside at the point of 53214 and above, then the Target is 53364.
Open as Gap up at 53103
Sustain or Move downside at the point of 53103 and below, then it may or may not hit the below levels. Seeking the Put side Trade in all the Levels is advisable since the market is expecting the correction.
Open as Flat – Between 52878 & 52755
Market moves according to the direction. If the candles break and move upside of the box 52878, then it may or may not hit above levels and come to put side direction. If the candles break and move downside of the box 52755, then it may hit 52601 and followed by below levels 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 52541 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 52487 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 52368. If its break, then the first Target is 51740.
Disclaimer
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