Nifty Bank is better placed than Nifty50 and is showing signs of strength. Nifty Bank’s immediate resistance is at 48500 and major resistance is at 49000;. while immediate support is seen at 48000. Nifty Bank’s is expected to trade in the 47500-48500 range.
Sunil Goel
March 17, 2025 at 2:35 AM IST
The Nifty50 is expected to open around 22,500, facing immediate resistance at 22,600, while 22,300 serves as initial support. Meanwhile, Nifty Bank remains stronger, with 48,000 acting as a crucial level, and any break below 47,700 could trigger short covering.
March 13, 2025 at 3:10 AM IST
A wait-and-watch policy should be used in today’s trade. One should observe the price action and build-up of option positions in the first 30 minutes of trade. A volatile day’s trading is expected in Nifty Bank.
March 12, 2025 at 3:04 AM IST
The Nifty50 is set to close down for five months in a row, a first in 28 years. Markets are moving to lower lows daily and neutral data with a bearish tone is not encouraging.
February 28, 2025 at 2:03 AM IST
The data suggests a bias towards weakness. All the immediate moving averages are far away, and all supports and resistances will have to be drawn from the conviction of the call and put writers.
February 25, 2025 at 3:10 AM IST
Nifty Bank is still stuck in a range. The momentum is missing from the markets. Nifty Bank is approaching its monthly expiry, and wild swings can be expected this week.
February 24, 2025 at 3:11 AM IST
Any rise in the markets is an opportunity to sell, at where and when the rally fails. It still remains a sell-on-rise market.
February 21, 2025 at 2:59 AM IST
It still remains a sell-on-rise market. Expect a range-bound expiry where option strategies like Iron Condor or short strangle will likely work better.
February 20, 2025 at 2:40 AM IST
Any rise in the markets is an opportunity to sell where the rally fails. It still remains a sell-on-rise market.
February 19, 2025 at 2:50 AM IST
