Nifty 50 views as the ended 28/10/2024
By the last Friday nifty has achieved a target reaching the monthly support zone.
Positionally nifty weekly significant zone is far to near to be breached, in coming week.
Naturally Nifty 50 attempted it with due deligence but in the end failed to achieve it clean.
Bank Nifty the major component of Nifty 50, has all together a different structure monthly and weekly also. Also, it has a pending target of reaching an important monthly support.
Conclusion: There were no surprises in both the indices as such, every thing was normal and within understanding levels.
Positionally nifty weekly significant zone is far to near to be breached, in coming week.
Naturally Nifty 50 attempted it with due deligence but in the end failed to achieve it clean.
Bank Nifty the major component of Nifty 50, has all together a different structure monthly and weekly also. Also, it has a pending target of reaching an important monthly support.
Conclusion: There were no surprises in both the indices as such, every thing was normal and within understanding levels.
Nota
Same story again, since morning of 29/10/24, I observed weekly to monthly zone and then again a bounce from monthly to weekly zone.
It will be interestng now to witness tomorrow session
Nota
Same story again, nifty is still refraining to close above weekly resitance zone. and Bank Nifty is refraining to cross monthly zone. Let market tell us what to do next... till time wait and watch.
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