NIFTY BANK NIFTY OVERVIEW
Now today's Nifty 50 has reached our target of 23,807 and the bank's FTA has reached 56,374 and 75 paise. Now let's talk about what will happen next, so let's see what will happen next. If the level of 23,770 is broken, then 23,609 and 23,353 can act as support levels below and if it is also broken, then Nifty 50 can be seen below 23,131 and if above Only if 24,230 is crossed, a new uptrend can take place and we should also look at its levels. If 24,374, 24,460 and 24,601 are crossed above this level, then adopt a policy of buying above the support level and registering super selling. It is imperative and now let's see what will happen next in the case of Bank Nifty. In that case too, it has gone below our target of 56,825 and has slipped down to 56,374 and 75 paise. Now let's see what will happen in it. The first support level will be 56340 and if it breaks, it will be around 56011-55991, which is the most important support level, but if it also breaks, it can slide down to 55,111And if we look at the above, there is no possibility of going up unless there is a break above 58,155 and if there is a break above, then these two levels 58,635 and 58,944 are the only ones coming out. The reason for this is as follows. The dollar is appreciating and at the same time the India VIX is also increasing, so its weight may also fall above the bank and at the same time there are more chances of crude oil going higher so that it too can reach 9500.Even if you go around, you don't see anything surprising because in terms of geopolitical tensions and Tensions may increase due to the Middle East and this will also weigh on the Bank Nifty.It may come and due to that Nifty50 may also fall below. Therefore, we need to work with some caution and if natural gas also picks up momentum along with it, it is not surprising because it may also see some momentum. It may and if it also crosses 299, it will not be surprising because it may also see a slight increase, but due to this, if we look at the top market, big companies like ONGC can benefit a lot and due to this ONGC can also show good performance if that stock This should be kept in the portfolio, as per our experience and our own calculations, we have written it without applying any stop loss.Please note that this is our warning not to do any work.*Shreeji Finance & Investment* Ahmedabad
