NIFTY AND BANK NIFTY ANALYSIS
25 Nov 2022 2200 Hrs
1.All The US indices are in green. So also Europe and Asia.
2. SGX Nifty is indicating 146 points up @ 18603. This amounts to 420 points uptick on Bank nifty which will be at 43600.
3. HDFC Twins and ICICI abnk is very bullish. Reliance is bullish and oversold.IT is looking bullish.
4. India VIX is at its lowest @13.5
Analysis
1. People who have gone long today may book profit tomorrow.
2. So wait for a dip before going long in bank nifty @43300.
3. In Nifty a dip to 18500 will be a good entry point.
I AM NOT A SEBI REGISTERED TRADER. PLEASE USE THIS INFORMATION TO ENHANCE YOUR DECISION MAKING.
1.All The US indices are in green. So also Europe and Asia.
2. SGX Nifty is indicating 146 points up @ 18603. This amounts to 420 points uptick on Bank nifty which will be at 43600.
3. HDFC Twins and ICICI abnk is very bullish. Reliance is bullish and oversold.IT is looking bullish.
4. India VIX is at its lowest @13.5
Analysis
1. People who have gone long today may book profit tomorrow.
2. So wait for a dip before going long in bank nifty @43300.
3. In Nifty a dip to 18500 will be a good entry point.
I AM NOT A SEBI REGISTERED TRADER. PLEASE USE THIS INFORMATION TO ENHANCE YOUR DECISION MAKING.
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