Dalal Street News Update ✅
Index fell after the worsening of the Covid situation in China and a sudden surge of cases in the United States, Korea, Brazil, and Japan.
India VIX increased by 13%. ⚠️
🆘Nifty 50 (-1.01%) -1.71% Bank Nifty
Nifty 50: ✔️
The Nifty opened positively, but the bulls were unable to hold the 18450 level. It almost tumbled 311 points from today's high, a 1.69% slip and the single largest slip since December 1st from the day's high. A negative crossover has been observed between the 20 DMA and the 50 DMA on the 15-minute time frame.
Technically, the Nifty will continue to trade sideways until it breaks above 18540. (Key Level)
Bank Nifty : ✔️
Bank Nifty opened positively, but the bulls were unable to retain the 43600 level. It almost slumped 1255 points from today's high, a 2.88% drop and the single largest decline from the day's high since December 1st. On the 15-minute time frame, a negative crossover was observed between the 20 DMA and the 50 DMA. 41950 is a major support level for the Bank Nifty.
Technically, the Bank Nifty will remain sideways until it breaks above 43850. (Key Level)
More Volatility is expected in the coming days
Index fell after the worsening of the Covid situation in China and a sudden surge of cases in the United States, Korea, Brazil, and Japan.
India VIX increased by 13%. ⚠️
🆘Nifty 50 (-1.01%) -1.71% Bank Nifty
Nifty 50: ✔️
The Nifty opened positively, but the bulls were unable to hold the 18450 level. It almost tumbled 311 points from today's high, a 1.69% slip and the single largest slip since December 1st from the day's high. A negative crossover has been observed between the 20 DMA and the 50 DMA on the 15-minute time frame.
Technically, the Nifty will continue to trade sideways until it breaks above 18540. (Key Level)
Bank Nifty : ✔️
Bank Nifty opened positively, but the bulls were unable to retain the 43600 level. It almost slumped 1255 points from today's high, a 2.88% drop and the single largest decline from the day's high since December 1st. On the 15-minute time frame, a negative crossover was observed between the 20 DMA and the 50 DMA. 41950 is a major support level for the Bank Nifty.
Technically, the Bank Nifty will remain sideways until it breaks above 43850. (Key Level)
More Volatility is expected in the coming days
