#banknifty

"Good morning! As of September 1st, the global market sentiment is slightly negative (based on the Dow Jones alone). The market trend is bearish, and the market might open with a neutral to slightly lower gap. In my personal opinion, the market might enter into a range from yesterday's low to the Fib level of 38%. Therefore, we can anticipate a directional move after the range breaks. However, if it breaches yesterday's low, it will likely reach the next support level immediately."