BankNifty at Crossroads: Will 52,600 Hold the Bulls?

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As per our last update via comment: “Bulls will remain strong if the index holds above 52,600.”...

5th December 2024
The rising trendline halted the index at 53,888.

6th Dec 2024
Post-RBI policy today, the index again paused near the rising trendline.


The big question
Will the buying zone of 52,500-52,600 come into play again?
And if it does, will it hold that zone?

“If the index revisits the 52,500-52,600 zone and holds, will you dare to miss the opportunity to ride the bulls again?”


Market Whispers! ...Can You Hear Them?


Regards,
WaveTalks
Abhishek

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تم فتح الصفقة

12:57 pm / 6th Dec 2024

Last @ 53636

Trades have to be broken in 2 parts

One You could expect close to 53160 which
Next Trade only Below 53160 towards 52500-52600

Later Bulls Might Plan to Take it upside towards 54000+ travelling close to previous highs 54467

Thanks

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تم إغلاق الصفقة يدويًا

10:51 pm / 7th Dec 2024

If Index fails to go below 53300-53500 - any move above 53600 will suggest - Bulls again are strong & would be easily taking towards higher targets upside 54000+