Wkly Market Analysis Journal on Nifty BankNifty for Nov 27th2023
Nifty made a positive close for the week, however couldn’t close above previous week’s high but manage to close above previous week’s close. Price action was positive and trending high forming bullish candle closing above 5&21 weekly MA.
BankNifty also close in positive territory saw buying at lower levels. Price action is positive and seems reversal from week’s lows. However couldn’t close above 5 week MA but managed to close above 21 week MA.
FII’s were in net buying side this week but monthly FII’s are net sellers yet.
US Markets closed the ThankGiving week strongly positive with a trending price action and bullish candle pattern.
BankNifty also close in positive territory saw buying at lower levels. Price action is positive and seems reversal from week’s lows. However couldn’t close above 5 week MA but managed to close above 21 week MA.
FII’s were in net buying side this week but monthly FII’s are net sellers yet.
US Markets closed the ThankGiving week strongly positive with a trending price action and bullish candle pattern.