Bank nifty View for the coming week:
Good Morning Everyone, its good to see you all after a small gap.
Today I would like to share my opinion of Bank Nifty, As the crash in the market has created huge panic among the traders. Some of you want some help. So let me put forward my view on the market
Now on a day, a falls of 2000 points in a day has become common. For many it's a big fall, Honestly, it's not because the market has gone up significantly and we need to take the rise and fall not on the basis of numbers but in percentages.
This means 5-7% falls in the market are absolutely fine.
So Let's see if there are any more falls left in the market when there will be a U- return. At what level should we need to invest again And what stock to invest in
So looking at the chart it looks like 34773 is the support next support is 34500
watch these levels, 35233 is the real level or halt level to buy then true entering at 35355 for the target of 35750.
so small investment at these levels and double the investment once Bank Nifty crosses 35355 for a target up to 35750..
Simple Moving Averages of BANK NIFTY
| MA Type | 5 SMA | 10 SMA | 15 SMA | 20 SMA | 50 SMA | 100 SMA | 200 SMA |
|---|---|---|---|---|---|---|---|
| SMA | 35635.80 | 36192.31 | 36107.15 | 35736.10 | 33092.82 | 30070.20 | 25808.03 |
| Signal | Bearish | Neutral | Neutral | Bearish | Bullish | Bullish | Strong Bullish |
The stocks to watch are Reliance, Indusind, and, ICICI bank
These are the stock which has the same trend that of the Bank Nifty.
So keep ur cash in hand to gain and start investing in these stocks to gain at least 6-8 % in a short time.
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All the Targets in Bank Nifty are achieved..
35233
35353
35750 are the target got Achieved.😃😃👋👋.
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