Navigating through midweek, Nifty 50 holds its ground above 21,591, indicating a potential bullish trajectory. Caution should be exercised if it dips below 21,021.
Nifty 50 Analysis:
| Case No | Particulars | Positions to be Initiated |
|---|---|---|
| I | Nifty 50 above 21,591 | Continuing Bullish |
| II | Nifty 50 between 21,591 and 21,021 | Sideways |
| III | Nifty 50 below 21,021 | Continuing Bearish |
Bank Nifty Analysis:
Bank Nifty charts its course, aiming to stay above 47,600 for continued bullish momentum. A dip below 46,987 could introduce caution.
| Case No | Particulars | Positions to be Initiated |
|---|---|---|
| I | Bank Nifty above 47,600 | Continuing Bullish |
| II | Bank Nifty between 47,600 and 46,987 | Sideways |
| III | Bank Nifty below 46,987 | Continuing Bearish |
In summary, as we navigate through midweek volatility, potential market moves for both Nifty 50 and Bank Nifty, with a sideways range considered in the middle. Stay tuned, stay informed, and trade wisely. 📈🧭 #Nifty50 #BankNifty #TradeEncore
