BANKNIFTY OVERVIEW

 

Now talking about today's Bank Nifty, Bank Nifty is preparing to close on positive notes today around 51,500 to 51,550 so now 51,372 becomes the first support level. And 51,000 becomes the second support level and if 51,000 is broken, it can slide down to 49,800 and above that, hold above 51,660.If it succeeds in moving up, it can go up to 51,947 and 52,301 tomorrow and if 50962 is broken, it is the six month resistance level, then there is a possibility of going further down.The tension going on in the Middle East and Japan and whatever situation is happening due to China is creating an overly critical situation so keep an eye on this level and the market is much more.Emphasizing on being stock specific without thinking that it has come down, Nifty Bank has opened the port for everyone focusing on Nifty and Sensex, i.e. whatever is invested. Be careful not to get washed away and if any situation arises in the market, it is the nature of the market So don't think that the market started breaking at the time of my sitting or don't think that it has broken since I sat, the market may still be weak for some time, given today's volume and today's situation, many Among the companies that have said that their sales are decreasing, the first among them is a big one like Hindustan Uni Lever The price of our body can go down as the company's sales decrease Don't believe that because one company runs and one company doesn't run, this is also the nature of a market so all such big companies spend a lot of money.They don't meet the expenses so they sell a little bit more but if they don't go according to their opinion then they panic because their expenses are big and cause such problems.can't invest in because such a jump happens in the stock market keeping in mind that keep an eye on this level and focus on your own stock and book for profit And a person who has learned to book profit in this market will be able to run only from now on