Bank Nifty Analysis for 25/11/2024
I expect Bank Nifty to open gap-up tomorrow, supported by strong global cues and favorable FII data.
Trade Setup:
Gap-Up Opening:
If Bank Nifty trades above 51300, I’ll plan a long trade targeting 51450 and 51650.
Near 51650, I’ll consider a short trade with a small stop-loss.
If it sustains above 51650 for 15 minutes, it may lead to a significant move toward 52200 and 52500.
Gap-Down Opening:
If Bank Nifty opens near 51000, I’ll look for a long trade targeting 51300.
If it sustains below 50970 for 5 minutes, I’ll shift to a bearish view and initiate a short trade targeting 50730 and 50500.
These levels are based on spot prices. Let me know your thoughts on this analysis!
