Bank Nifty Outlook for Today:
The market remains highly volatile, currently hovering near the upper range, struggling to maintain upward momentum. While there is an attempt to push higher, a retest seems necessary before a sustained move.
In the case of a gap-down, flat, or modest gap-up opening, a slight correction trade may be more favorable. However, for a strong long position, we should wait for Bank Nifty to decisively cross the 54,120 level, which could signal a solid upward move.
Until then, it’s crucial to be cautious and adjust trades accordingly, keeping an eye on volatility and resistance levels.
Trade on Dhan : https://invite.dhan.co/?join=KIAL51
The market remains highly volatile, currently hovering near the upper range, struggling to maintain upward momentum. While there is an attempt to push higher, a retest seems necessary before a sustained move.
In the case of a gap-down, flat, or modest gap-up opening, a slight correction trade may be more favorable. However, for a strong long position, we should wait for Bank Nifty to decisively cross the 54,120 level, which could signal a solid upward move.
Until then, it’s crucial to be cautious and adjust trades accordingly, keeping an eye on volatility and resistance levels.
Trade on Dhan : https://invite.dhan.co/?join=KIAL51