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Traders LoungeFYERS WebNiftyBanknifty Bank Nifty seems at an important level. Should keep an keen eye on it.
Bank Nifty seems at an important level. Should keep an keen eye on it.
Where am I?
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Yes, need to keep an eye. I feel bank nifty is taking 41700 as a support level. That means it will halt for a week or so. My view for the coming week is a volatile market. Once it crosses above 41,900 and closes, we can see a huge moment upside. This is my view in the market. What is yours?
Hi Amith,
I am also having a view of sideways market. But any breakout or breakdown can give a huge momentum. I am ready for both side. Let's see what opportunity market gives us. Personally i am also looking for a breakout upside but buyers are not able to hold upper levels as recent candle on daily time frame is doji after crossing 41900. Let's see what happens and accordingly will make positions.
Yesterday 15th Nov close was all time high in BN. Expecting a very good move upwards. But due to clash between NATO and Russia today (16th), there might be some correction in the market. So i am not trading today, will wait and watch!