As we step into Monday’s market, our team of experts at Trade Encore navigates through the currents of potential market moves. Key support and resistance levels remain our guiding stars.
Nifty 50 Analysis:
Nifty 50 finds itself at a pivotal position, aiming to sustain above 19,837 for a continuing bullish trend. If it stays within the range of 19,837 and 19,556, we might observe a sideways movement. A sustained level below 19,556 could shift the outlook to bearish territory. Let’s explore the potential scenarios through a case-by-case analysis.
| Case No | Particulars | Positions to be Initiated |
|---|---|---|
| I | Nifty 50 above 19,837 | Continuing Bullish |
| II | Nifty 50 between 19,837 and 19,556 | Sideways |
| III | Nifty 50 below 19,556 | Continuing Bearish |
Bank Nifty Analysis:
Bank Nifty charts its course, striving to stay above 43,690 for a continuing bullish outlook. A dip below 43,394 could steer Bank Nifty into bearish waters.
| Case No | Particulars | Positions to be Initiated |
|---|---|---|
| I | Bank Nifty above 43,690 | Continuing Bullish |
| II | Bank Nifty between 43,690 and 43,394 | Sideways |
| III | Bank Nifty below 43,394 | Continuing Bearish |
In summary, Monday’s trading session holds significance for both Nifty 50 and Bank Nifty. These support, resistance levels, and a potential sideways range provide insights into market directions. Stay vigilant, stay informed, and make well-informed decisions as you navigate the dynamic currents of the financial landscape. 📈📉 #Nifty50 #BankNifty #TradeEncore
