End of Day Review & Analysis of Nifty BankNifty for Dec 12, 2023
Nifty opened at previous day’s close and tried all day to make new highs. Price action was strong and positive again made a new higher high today. Candle stick pattern was also bullish. Nifty Futures Open Interest saw addition with increase in price showing buying interest at every dip.
BankNifty also opened flat at previous day’s close following positive to flat global cues. BankNifty made new high and saw some profit taking from day’s high but closed positive for the day. Price action was strong but candle pattern was evening start which accounts to be exhaustion at the highs need to see tomorrow’s price action to justify that. BankNifty futures also saw mild addition with mild increase in price.
US Markets opened flat and crude was also flat.
BankNifty also opened flat at previous day’s close following positive to flat global cues. BankNifty made new high and saw some profit taking from day’s high but closed positive for the day. Price action was strong but candle pattern was evening start which accounts to be exhaustion at the highs need to see tomorrow’s price action to justify that. BankNifty futures also saw mild addition with mild increase in price.
US Markets opened flat and crude was also flat.