#Banknifty directions and levels for DEC 1st
"Good morning, friends🌺! As of December 1st, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up, considering the GiftNifty value at +70.
After that, if the market sustains the gap up or consolidates, then we can expect a rally continuation.
On the other hand, if it doesn't sustain or if it rejects around the immediate resistance level, we can expect a correction of at least 38 to 78% in the minor swing."
After that, if the market sustains the gap up or consolidates, then we can expect a rally continuation.
On the other hand, if it doesn't sustain or if it rejects around the immediate resistance level, we can expect a correction of at least 38 to 78% in the minor swing."