Nifty 50 IndexLong
nd of Day Review & Analysis of Nifty BankNifty for Dec 29, 2023
Nifty again gapped up opened above previous day’s close continuing its up move. Price action was strong and formed another bullish candle closing at almost high of the day. Positionally close to 22000 levels may be by tomorrow or Monday.
BankNifty also followed Nifty in opening above previous day’s close and closed at new high again. Price action was strong though saw a small sell from highs and formed bullish candle but closed 150 points below day’s high.
Nifty and formed new higher highs and seeing buying at every dips and contributing from over all sectors which is positive thing. Both FII and DII are involved in buying. Looks there is no froth yet.
US Markets were mildly positive like wise Gift Nifty was also slight positive.
BankNifty also followed Nifty in opening above previous day’s close and closed at new high again. Price action was strong though saw a small sell from highs and formed bullish candle but closed 150 points below day’s high.
Nifty and formed new higher highs and seeing buying at every dips and contributing from over all sectors which is positive thing. Both FII and DII are involved in buying. Looks there is no froth yet.
US Markets were mildly positive like wise Gift Nifty was also slight positive.
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