On the one hand, the fall in crude oil prices in the
international market, on the other hand, the possibility of withdrawal of US
sanctions from India on import of oil from Iran. And at the same time, the
all-time high price on Indian Rupee in one day. As a result, the CNX Nifty and
the Bank Nifty raised a lot, from the face of a big fall.
Now to see how
long this rise will take place is the big question. Because internal
issues are not supportive of this rise. Although the Nifty at the Daily
Chart has finished the week in a very good place. If
the Nifty stands above 10500, then I'm not surprised, even if up
to 10700 or 10900. Now Nifty support is 10240 and 10140.
On the other hand, 255950 there is a big hurdle for
the Bank Nifty. Above this levels we can see 700 to 900 points up rally. Below 25550
support is 25200 & 25000 & 24800.
✋ Caution: Always remember it, there is no place for guarantees in the stock market. To deal with any situation at any time, you have to make a decision based on the latest situation. And it is wise to change their position according to the situation. Always remember, the trader should not follow a particular aspect of bull or beer like a blind person. The trend is our only friend.
✋ Caution: Always remember it, there is no place for guarantees in the stock market. To deal with any situation at any time, you have to make a decision based on the latest situation. And it is wise to change their position according to the situation. Always remember, the trader should not follow a particular aspect of bull or beer like a blind person. The trend is our only friend.
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