Category Archives: Nifty-Bank Nifty

Just for an UPDATE – though currently Nifty (spot) is at around 5880, last week it breached 5915 and bearish butterfly pattern reported earlier has been negated beyond this level! Does this mean it will not reverse or go upwards only? Well, it … Continue reading
 
NIFTY is currently consolidating at or around 5600 before getting ready for a big move in either direction. It is waiting for the cues from the winter session of parliament where many important bills will be passed including the clarity … Continue reading
 
Nifty has formed a Bearish Butterfly pattern and could go as low as 5350-5330 which is a confluence region of 200 (4H) moving avg & imp Fibonacci Retracement! This possibility will only increase with no show from RBI in their monetary policy … Continue reading
 
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