BANK NIFTY ANALYSIS
Before continuing to Pre-Market Bank Nifty analysis, 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 | 02-JULY-2024
NO TRADE ZONES at Pre-Market Bank Nifty Analysis
As per the Image, Upside (52852-52760) & Downside (52318-52267) Boxes are “No Trade Zones” which means taking trade in that Zones are not advisable.
Scenarios of Pre-Market Bank Nifty Analysis
Scenario-1
Open as Gap up at 52852 – CE Side
Sustain and Move upside from the point of 52852 and above, then it will may hit target-1 (53192) as per image.
Scenario-2
Open as Gap up at 52760 – PE Side
Sustain and Move downside from the point of 52760 and below, then it may hit the below levels up to 52350. Seeking the Put side Trade in all the Levels is advisable since the market is expecting the correction. If the Market cross 52852 on the upside, then we can consider for CE side up to target-1 only.
Scenario-3
Open as Flat – Between 52542 & 52613
If the market is open between 52542 & 52613, 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.
Scenario-4
Open as Gap down at 52318
Sustain and move upside from the point of 52318 and above, then it may hit the above-mentioned Target-1, Target-2, Target-3 and Target-4 levels up to 52760.
Scenario-5
Open as Gap down at 52267
Sustain and if its break 52236 on downside, then PE side target-1 and target-2 will be achieved.
Disclaimer
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