Nifty Bank Prediction for 29th November 2024
Nifty bank levels and targets for tomorrow.
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The Bank Nifty experienced a pullback, relinquishing early gains and failing to sustain its upward trajectory, closing at 51,906.85 with a 0.76% decline.
On the daily chart, the index struggled after breaching the 52,600 level, reversing gains and engulfing the momentum of the last two sessions. This weakness was largely driven by private banking stocks, as the Nifty Private Bank Index fell by 1.11% for the day. Despite forming a bearish reversal pattern, the Bank Nifty remains above its 50- and 100-day exponential moving averages (DEMA), indicating strong support around the 51,500 level. A breach below this could extend the correction to 51,000 & 50700 levels.
Traders are advised to adopt a stock-specific strategy within the banking sector and consider a "buy-on-dips" approach for the near term.
Nifty bank levels and targets for tomorrow.
follow for more update and information
The Bank Nifty experienced a pullback, relinquishing early gains and failing to sustain its upward trajectory, closing at 51,906.85 with a 0.76% decline.
On the daily chart, the index struggled after breaching the 52,600 level, reversing gains and engulfing the momentum of the last two sessions. This weakness was largely driven by private banking stocks, as the Nifty Private Bank Index fell by 1.11% for the day. Despite forming a bearish reversal pattern, the Bank Nifty remains above its 50- and 100-day exponential moving averages (DEMA), indicating strong support around the 51,500 level. A breach below this could extend the correction to 51,000 & 50700 levels.
Traders are advised to adopt a stock-specific strategy within the banking sector and consider a "buy-on-dips" approach for the near term.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。