Tag: Nifty50

Market Strength Signals: Nifty and BankNifty Poised for New Highs: May 17th, 2024 Market Overview Yesterday, Nifty performed as anticipated, delivering a 400-point movement, and BankNifty respected its upper trading zone of 48000. In a volatile session, BankNifty closed at 47977 and futures at 48092. This positive closure above the 20-day moving average is a…

Bulls or Bears: Who Will Win Today? : May 16th, 2024 Market Overview Today is Thursday, marking the expiry day for Nifty. Yesterday, we saw a range-bound trading session between 22200 and 22300, resulting in a flat day for Nifty. As anticipated, BankNifty provided the predicted trading range of 400 to 500 points, first moving…

Unlocking Market Potential: Nifty and BankNifty Strategies for a Volatile Expiry Day: May 15th, 2024 Market Overview Today is Wednesday, which means it’s BankNifty expiry day. Yesterday, we witnessed a decent rally of 100 points in the market. As I had suggested, the 10:15 AM fifteen-minute candle closed above 22150, giving us a rally up…