shvishal

shvishal

In the past few weeks, both the Bankex and Bank Nifty indices have exhibited consolidation within a defined range. The Bankex has struggled to surpass the 60,730 mark on the upper end, while consistently finding support above the 58,800 level on the lower end. This range-bound movement indicates a period of indecision among traders. On the downside, the...

shvishal Updated 

Following the election results, markets rose sharply without correction, pushing RSI into the overbought zone before the Union Budget. A negative RSI crossover and 'Bearish Engulfing' pattern suggest a potential correction; traders should consider booking profits. However, the index has initial support at around 24,400-24,300 , in case of a time-based...

shvishal

Midcap Nifty Select Prediction for 22 July 2024 along with Support & Resistance Levels A negative RSI crossover and Rising Wedge pattern suggest a potential correction; with potential targets on downside 12,100 on intraday basis. However, the index has initial support at around 1 2,180-12,100 , in case of a time-based correction. If broken, the next support...