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.
PRE-MARKET NIFTY 50 ANALYSIS | 01-JULY-2024
NO TRADE ZONES at Bank Nifty Analysis
As per the Image, Upside (52769-52847) & Downside (51898-52056) Boxes are “No Trade Zones” which means taking trade in that Zones are not advisable.
Scenarios of Bank Nifty Analysis
Scenario-1
Open as Gap Down between 52056 & 52350 – CE Side
Sustain and Move upside from the point of 52056 and above, then it will hit only up to 52350. If it sustain & breaks 52350, then only we can consider for CE side. Otherwise, Market will remain at PE Side.
Scenario-2
Open as Gap Down between 51898 & 51758 – PE Side
Sustain and Move downside from the point of 51758 and below, then it may hit the below levels up to 51470. Seeking the Put side Trade in all the Levels is advisable since the market is expecting the correction. If the Market cross 52056 on the upside, then we can consider for CE side up to 52350 only.
Scenario-3
Open as Gap up at 52847
Sustain and move upside from the point of 52847 and above, then it may or may not hit the above-mentioned levels and move towards put side direction. Taking CE side trade is not advisable.
Scenario-4
Open as Gap up at 52769
Sustain or move towards downside and it may hit the below levels on PE side. If its break 52847 towards upside, then it may or may not hit 53040, and immediately coming to put side direction.
BANK NIFTY ANALYSIS-28-JUNE-2024
Scenario-5
Open as Flat – Between 52239 & 52634
If the market is open between 52239 & 52634, then market will become sideways between these two levels and always it will tend to go for PE side direction with some small green candles.
Disclaimer
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