BANK NIFTY ANALYSIS
Before continuing to Bank Nifty analysis the Market, please read the Disclaimer at the end.
Bank Nifty index consist of five scenarios, and those are mentioned below. And moreover, Market is bearish divergence mode. So, expecting the correction in the Market. unexpected volatility may occur during live market.
Please Review the Box’s and Levels carefully before Trading.
BANK NIFTY ANALYSIS-27 JUNE-2024
NO TRADE ZONES at Bank Nifty Analysis
As per the Image, Upside (53128-53104) & Downside (52583-52506) Boxes are “No Trade Zones” which means taking trade in that Zones are not advisable.
Scenarios of Bank Nifty Analysis
Open as Gap up at 53187
Sustain and Move upside at the point of 53187 and above, then it will hit Target-1 & Target-2 as per image.
Open as Gap up at 53104
Sustain or Move downside at the point of 53104 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 52876 & 52814
Market moves according to the direction. If the candles break and move upside of the box 52876, 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 52814, then it may hit 52630 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 at 52583
Sustain and move upside at the point of 52583 and above, then it may hit the above-mentioned levels and move towards put side direction.
Open as Gap down between 52506 & 52369
Sustain or move towards downside and it may hit the below levels. Pure Put side trade will be possible once the breaking point of 52369. If its break, then the Target-2 & Target-3 will achieve.
NIFTY 50 ANALYSIS-28 JUNE-2024
Disclaimer
The Views and Opinions mentioned in this post or comments in the past or present under the site of “TN JOB ACADEMY” is meant for EDUCATIONAL PURPOSES ONLY. Investing and Trading in the stock market are subjected to market risk. we are not SEBI-registered analysts. Consult your financial advisor before taking a decision.
“TN JOB ACADEMY” is not responsible for your Profits and Losses. The sole purpose of this content is for Knowledge and Awareness about the Share market. So, by being a viewer of this site, you agree that you understand all the above. therefore, any legal action is void.
