Market Outlook :
(24 FEB )
US market 16 Points Up
Asian market Negative
SGX NIFTY 70 points Up
Trend on SGXNIFTY indicates a Positive Opening for index.
Market view :
Market would open Positive.
Yesterday we talked about closing as closing is very important on trend reversal.
Bank nifty has given trend reversal closing yesterday and nifty awaiting for closing for trend reversal confirmation.
Market is in negative zone. Yesterday after good opening healthy selling we have seen in stocks and index.
India VIX is trading above 25 , it seems upcoming sessions would be very voletile.
Market would enter into a Positive zone only if it closes above 15050 for Nifty and 36660 for Banknifty.
Intraday level can help to take a trade in intra day set up.
Nifty : Bearish
Banknifty : Bearish
Nifty levels
Today's resistance
14790-14900
Today's support
14690-14600
Bank nifty levels
Today's resistance
35660-35989
Today's support
35100-34640
Market outlook view is just for educational purpose.
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By: via @AlliesFin Serve Stock Market
