Bank Nifty Intraday Outlook
Pattern: AB=CD
Crucial Support Zones: 35750-35640-35525
Crucial Resistance Zones: 36325-36580
Comments: Bank Nifty underperformed the Nifty by ~0.65% with both the indices closing at intraday lows, down by ~3.65%/3%.
Nifty Intraday Outlook
Pattern: Bearish Head and Shoulder formation (daily chart)
Crucial Support Zones: 16800-16725-16660
Crucial Resistance Zones: 17125-17350-17425
Comments: Markets witnessed a negative day of trade, with the bench-mark index trending lower for the major part of the trade. Reopening stocks from the sectors like Hotels, Aviation & Cinema house were among the top losers as the concerns of an impending third Covid wave rise.
Pivot Levels
Daily market statistics
Daily market statistics
Disclaimer
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