Market Analysis Journal on Nifty BankNifty for Nov 30th 2023
Nifty opened gap and kept on building on the gap. Saw steady buying with a trending bullish price action forming a bullish Marubozu candle pattern. Nifty Futures saw huge addition of Open Interest with more than 1% increase in price. Looks strong above 20000 levels to take out all time high in next 1-2 sessions.
BankNifty also opened gap up to make steady highs closing at the highest point of dy closing above 44400 levels comfortably. Price action was strong bullish and formed a bullish Marubozu candle pattern showing strength to go more higher levels. BankNifty futures added huge open interest with 1.5% increase in price. BankNifty might outperform Nifty from here.
US Futures were strong and headed for another positive day.
BankNifty also opened gap up to make steady highs closing at the highest point of dy closing above 44400 levels comfortably. Price action was strong bullish and formed a bullish Marubozu candle pattern showing strength to go more higher levels. BankNifty futures added huge open interest with 1.5% increase in price. BankNifty might outperform Nifty from here.
US Futures were strong and headed for another positive day.