A huge gap down opening with a bullish candle.
The strength of the Bank nifty is getting weak, the Rupee value is also getting weaker and global markets around the world today closed in the red.
Sellers will play a significant role in the upcoming days.
38150 is the key level below which the bearish market will prevail, chances for breaking this level are high. If the market tries to fill the gap which was created today ( which is very least chance to occur ) then it would fill the gap with a very strong resistance level of 39000.
Green Path indicates levels for Bullish,
Orange Path indicates levels for consolidation,
Red Path indicates levels for bearish.
The strength of the Bank nifty is getting weak, the Rupee value is also getting weaker and global markets around the world today closed in the red.
Sellers will play a significant role in the upcoming days.
38150 is the key level below which the bearish market will prevail, chances for breaking this level are high. If the market tries to fill the gap which was created today ( which is very least chance to occur ) then it would fill the gap with a very strong resistance level of 39000.
Green Path indicates levels for Bullish,
Orange Path indicates levels for consolidation,
Red Path indicates levels for bearish.