The way of Nifty and Bank Nifty
futures are taking place over the past week, it is very trendy for ordinary
traders. In view of the analysis, international or domestic issues do
not support this rise in the market. But on the negative events day, the
Nifty and the Bank Nifty futures have been in full contrast to the conventional
analysis. After a long downtime, the midcaps, especially small bank
shares, have come out of a lot of uncertainty.
But large bank shares were where they were.
One of the primary sources of
technical analysis is the "repetition of history". So, in the
past, it has been seen that when the market is in negative or uncertain, then
the price of small and medium prices shares continues to rise. After a
lot of downsides, since the mid-cap,
especially small bank shares in the last week, have come up unexpectedly,
so the market has come in the negative zone? What do they say with force?
In the last 2-3 weeks, according to the last chart every week, the market
should move like it, market from Monday to Friday, but it’s opposite.
The question is what should be
done in this situation. In my opinion, in this situation, there is a very risk of carrying a position overnight.
Keeping the small targets and stops, the day's work ends on that day is the
best way. As much as the Nifty and Bank
nifty futures, in contrast to conventional analysis, do not trade on the basis
of any idea by ignoring technical analysis. Remember, six to seven times
in every ten times technical analysis is correct, and anything else is 3 to 4
times.
Nifty Future's Resistance for
the Next Week is 10930 and 11130. I do not think the
market will be on top of it. And support is 10725. If
the Nifty future is down below 10700, then there is a possibility of falling 10570
to 10500.
And the Bank's Nifty Future's
Resistance is 27100 and 27750. Support is 26600 and
26,200 and 25800.
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