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$ For The Trade $

$ For The Trade $

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Bank Nifty formed a doji candle on daily and weekly time frame and it is tricky to trade right now as uncertainity continues

BANK NIFTY ANALYSIS

In Short term there can be upside and it can go to 22800, for mid to long term view is still bearish and if there is any rejection then we can plan for bearish trades

OI of Nifty 50 Futures is down by -1.23% and there is Short Covering in Nifty Futures

Support at 22500 and resistance at 22800

PCR is 1.1 overall and 0.95 around ATM – bullish

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Open interest data

Nifty formed a doji candle on daily time frame and closes above 22500, there is more upside left for short term and it can go to 22800

NIFTY ANALYSIS

Nifty closed flat with 0.03% upside and Bank Nifty went down by 0.27% on friday

Good morning, all

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Let’s see what happens in the market today

Bnf not turned bullish as nifty is looking for short term

OI of Nifty Bank Futures is down by -4.49% and there is Short Covering in BNF Futures

Bank Nifty formed a Doji candle and there is uncertainity in BNF

BANK NIFTY ANALYSIS

If bullish momemtum continues then it can go to 22800

Mid to long term view is still bearish, if there is rejection on 22500 or around 22800 we can plan for bearish trades

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