BNF Gap Up and Consolidation
BNF (Bank Nifty) exhibited a notable market movement by opening the gap up. It successfully reached the resistance level at 45650, indicating strong bullish momentum. Following this, the market entered a phase of consolidation, where the price remained relatively stable within a certain range.
For tomorrow's market outlook, we can anticipate a bullish trend if the price rises above 45840. Conversely, if the price falls below 45480, we can expect a complete bearish sentiment. However, if the price remains within this range, the market is likely to consolidate without any significant directional bias.
For tomorrow's market outlook, we can anticipate a bullish trend if the price rises above 45840. Conversely, if the price falls below 45480, we can expect a complete bearish sentiment. However, if the price remains within this range, the market is likely to consolidate without any significant directional bias.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.