BNF ATH and above 46000
Bank Nifty is currently at ATH (All Time High) and has reached a lifetime high of 46369. However, it recently formed a daily bearish doji candle. On the weekly chart, BNF is showing an ultra-bullish trend. It will remain bullish as long as it does not close below the crucial level of 45450. The range between 45700 and 45450 is considered an important level for BNF. Based on this information, it is likely that the next decision or conclusion will be based on the price action within this range.
If tomorrow the BNF (Bank Nifty) crosses the 45900 level, we can anticipate a potential fall of around 200 to 300 points. However, if it opens with a gap, the market is likely to be in a consolidation phase. On the upside, the all-time high (ATH) level of 46370 will act as a resistance.
If tomorrow the BNF (Bank Nifty) crosses the 45900 level, we can anticipate a potential fall of around 200 to 300 points. However, if it opens with a gap, the market is likely to be in a consolidation phase. On the upside, the all-time high (ATH) level of 46370 will act as a resistance.
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