Nifty Bank IndexLong
08 Apr 2024 - BankNifty also gets a new HIGH, what a RUN
BankNifty Analysis - Stance Bullish ⬆️
BankNifty also takes out the recent swing high and a new ATH is in place ~ 48716 @ 13.23. Over the next 2 candles, it lost 217pts ~ 0.45%. The final close was with a nominal gain of 88pts ~ 0.18%.
What a run it has been by BN, we have officially it a new higher-high, but it has not finished yet. Only when we retrace a few points, we can mark the new peak. Hope the analysis of the recent days has benefited you in the right direction.
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Algo Trading
Our algo trades ended today with a gain of 29172. Most of the credits go to BankNifty which stayed in a narrow range.
BankNifty also takes out the recent swing high and a new ATH is in place ~ 48716 @ 13.23. Over the next 2 candles, it lost 217pts ~ 0.45%. The final close was with a nominal gain of 88pts ~ 0.18%.
What a run it has been by BN, we have officially it a new higher-high, but it has not finished yet. Only when we retrace a few points, we can mark the new peak. Hope the analysis of the recent days has benefited you in the right direction.
---
Algo Trading
Our algo trades ended today with a gain of 29172. Most of the credits go to BankNifty which stayed in a narrow range.
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