Nifty Banknifty Weekly Analysis 15 FEB
Weekly Plan for NIFTY & BANKNIFTY
We had a consolidation week in NIFTY & BANKNIFTY without a confirmed move on either side. The fact that we have held on the upside range of the Budget day candle, The bias will remain positive until proven other wise.
This week we have created a quick video to understand the context and also how VIX is going to be important to watch out for.
We are looking for a break outside the range for a trade on either side.
Scalpers can look for pullback within the range for a low risk entry.
We had a consolidation week in NIFTY & BANKNIFTY without a confirmed move on either side. The fact that we have held on the upside range of the Budget day candle, The bias will remain positive until proven other wise.
This week we have created a quick video to understand the context and also how VIX is going to be important to watch out for.
We are looking for a break outside the range for a trade on either side.
Scalpers can look for pullback within the range for a low risk entry.
The bias was positive and the open low at 36435 was the icing in the cake.
Second confirmation was the VIX collapse in the second half.
Now will look for hold of 37100-200F as an immediate reference for Banknifty.