Bank Nifty - Is this A Rising Wedge from 47898

As discussed early morning .... 49000 was our key & psychological level ... Index dropped & came close to 48500-48600 zone

Falling From 49000 Level



Support Zone 48500-48600



Makar Sankranti marks the Sun's transition into Capricorn and the beginning of an auspicious period. Historically, equity markets turn optimistic post-Makar Sankranti, driven by cultural sentiment and Budget expectations. Will Budget 2025 keep the trend alive? 🌞

This comes after a 26-day fall in major benchmark indices, which started on 5th Dec 2024.

In the last two days, the index surged from 47,898 to 49,000. However, during the first half of today's session (15th Jan 2025), it fell below 49,000, hitting a low of 48,522 as shown in the snapshots