BANKNIFTY WEEKLY UPDATE
SUMMARY:
-monthly chart on banknifty is not giving good signal
-global market scenario is not good for markets
-upside on banknifty is capped
-dollar index has made a double bottom breakout on monthly chart
-index broke above 104 and giving targets of 118-120 which is showing dot.com crash levels
-if dollar index and usd/inr is rising along with oil and yield prices
-i am holding my view from last month we are expecting levels of 31000-30500
BULLISH VIEW
-good quaterly update are coming in banking stocks
-so we can expect one bounce again in banknifty
-if today it fails to provide any relief then we are going down sooner or later
-if banknifty sustains above 34200 i will keep a stop below 33800
-i will sit for a target of 700-1000 points
-for bulls it is a good thing to wait and watch there will be clear trade above 34200
-oi data also suggesting the same
-monthly chart on banknifty is not giving good signal
-global market scenario is not good for markets
-upside on banknifty is capped
-dollar index has made a double bottom breakout on monthly chart
-index broke above 104 and giving targets of 118-120 which is showing dot.com crash levels
-if dollar index and usd/inr is rising along with oil and yield prices
-i am holding my view from last month we are expecting levels of 31000-30500
BULLISH VIEW
-good quaterly update are coming in banking stocks
-so we can expect one bounce again in banknifty
-if today it fails to provide any relief then we are going down sooner or later
-if banknifty sustains above 34200 i will keep a stop below 33800
-i will sit for a target of 700-1000 points
-for bulls it is a good thing to wait and watch there will be clear trade above 34200
-oi data also suggesting the same
TRADERSMOJO TELEGRAM CHANNEL
*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.