Bank Nifty:
Bank Nifty has shown a sideways move between 44151 resistance and 43482 support. The case-to-case-based analysis of positions that may be initiated is given below.
Case No. | Particulars | Position to be Initiated |
I | Bank Nifty sustains above 44151 | Continuing Bullish |
II | Bank Nifty between 43482 to 44151 | Sideways |
III | Bank Nifty sustaining below 43482 | Bearish |
Nifty 50
Nifty 50 resisted at 18332 again. There is a high probability of a beginning of a downward fall from the current level as many indicators have stated. The case-to-case-based analysis of positions that may be initiated is given below.
Case No. | Particulars | Position to be Initiated |
I | Nifty 50 sustains above 18332 | Bullish |
II | Nifty 50 between 18083 & 18332 | Sideways |
III | Nifty 50 crosses below 18332 | Bearish |