Banknifty Daily analysis for 26 MAY
Today banknifty was down by 281.60 Points or 0.81%. A sideways day and Vix closed below 19 today.
Let's analyse for Tomorrow, Still market is in uptrend only. Today banknifty taken support from 0.382 Fibo level and last hour given good upside move and closed above trendline which is a bullish sign !
💚 Tomorrow anywhere between 34600 to 34800 we can look for buying. Flat opening best to continue buying movementum. One more trade we can get if resistance of 35200 breaked decisively and sustains then we can see further new highs in banknifty.
❤️ If Opened Gap down or in intraday breakes 34350, then we can look for selling. We may see a good sharp movement.
Let's see tomorrow trend continues or reverses😄
Best of Luck for Tomorrow👍
Let's analyse for Tomorrow, Still market is in uptrend only. Today banknifty taken support from 0.382 Fibo level and last hour given good upside move and closed above trendline which is a bullish sign !
💚 Tomorrow anywhere between 34600 to 34800 we can look for buying. Flat opening best to continue buying movementum. One more trade we can get if resistance of 35200 breaked decisively and sustains then we can see further new highs in banknifty.
❤️ If Opened Gap down or in intraday breakes 34350, then we can look for selling. We may see a good sharp movement.
Let's see tomorrow trend continues or reverses😄
Best of Luck for Tomorrow👍
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