Hello everyone,
Today is February 26, 2024, and we're in the monthly expiry week. Even though February is short, this expiry has more days than usual.
After a strong rise on Thursday, Friday was mostly sideways, but still positive for the bulls. This week is crucial, and if things go well, we could see further gains for the bulls.
Key levels for the index:
- Support: 22,000 is critical.
- Intraday support: 22,100.
- Intraday resistance: 22,255. Expect short covering above this level. Avoid trading within this range; focus on buying opportunities. Don't bet against the main trend.
For BankNifty:
- Support: 46,600.
- Resistance: 47,100. Consider going long above this level. Avoid trading in between.
No specific stock updates today. Wishing everyone a profitable day ahead!
Today is February 26, 2024, and we're in the monthly expiry week. Even though February is short, this expiry has more days than usual.
After a strong rise on Thursday, Friday was mostly sideways, but still positive for the bulls. This week is crucial, and if things go well, we could see further gains for the bulls.
Key levels for the index:
- Support: 22,000 is critical.
- Intraday support: 22,100.
- Intraday resistance: 22,255. Expect short covering above this level. Avoid trading within this range; focus on buying opportunities. Don't bet against the main trend.
For BankNifty:
- Support: 46,600.
- Resistance: 47,100. Consider going long above this level. Avoid trading in between.
No specific stock updates today. Wishing everyone a profitable day ahead!