#banknifty weekly overview (18th Jan to 22nd Jan'21)
#banknifty weekly overview (18th Jan to 22nd Jan'21)
We formed a Doji on Weekly Chart (High:- 32,718.95 / Low:- 31,725.85) and we have only 10 sessions before the budget on 1st Feb. The market will remain volatile in the next 2 weeks with big swings without taking any direction before the budget.
The BN might stay in the last week range having 70% probability and any breakout of this range might see 600 points moves.
Boarder range:- 31,725 - 31,718 & Larger Range :- 31,112 - 33,332
32,222 is the midpoint, above positive & below negative, just react to the situation instead of forecasting, is the best option to trade before the budget.
Regards,
SG
We formed a Doji on Weekly Chart (High:- 32,718.95 / Low:- 31,725.85) and we have only 10 sessions before the budget on 1st Feb. The market will remain volatile in the next 2 weeks with big swings without taking any direction before the budget.
The BN might stay in the last week range having 70% probability and any breakout of this range might see 600 points moves.
Boarder range:- 31,725 - 31,718 & Larger Range :- 31,112 - 33,332
32,222 is the midpoint, above positive & below negative, just react to the situation instead of forecasting, is the best option to trade before the budget.
Regards,
SG
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