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Niftybank

NIFTY IT Sector to be watchout !!🛑NIFTY IT Sector breakdown and closed below 34600 zone which is psychological support zone and by now, ◽ if it traded n closed above 34600-34700 zone then BUY on dip will work very well in IT stocks where every major IT stocks falled about 10-20% from their highs ◽ with market perspective 34000 will be very crucial support level to hold IT stocks ( and for NIFTY 17600 ) if breakdown this level then market will get major correction for sure 🛑IT sector to be watchout for up coming couple of weeks
NSE:CNXIT
by agasthya_d
#banknifty view for next week 29th Oct'21 - 4th Nov'21:- Delta #banknifty view for next week 29th Oct'21 - 4th Nov'21:- Delta Update In an uptrend, the pullbacks are very common and as long as 50 DMA (37,655) is not violated, the trend remains up, and generally price retracing to 20 DMA ( 39,070) is considered as pull back. We have an identical set for the 1st week of Oct and will this scenario will be replicated? I still see no reason to be panic in the market, because I can't see it in price. Trade based on merits, above 40k we are strong & below 39k we are weak and 39K to 40k is turmoil range. the structure shows upmove before Diwali, but you never know, trade with SL. If there is any setup formation or market reversal signal, will post it during live market hours. The view might change below 38,377 gets breached. DP :- 39,000 (above +ve and below -ve) E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG
NSE:BANKNIFTY
by subhagghosh
9