Good morning, Friends! 🌞
Here are the market directions and levels for June 27:
Market Overview
Both the global markets and our local markets are showing bullish sentiment. Gift Nifty is also indicating a positive start of around 30 points today.
So, what can we expect today?
In the previous session, Nifty performed well and Bank Nifty also supported the move.
Structurally, the trend still appears bullish. So, if the market opens with a strong candle formation,
we can expect a further continuation of the rally.
However, my personal opinion is based on sub-wave calculations, the upcoming wave could be the 4th wave—which is typically a consolidation phase.
So, after the gap-up, the market may consolidate around the immediate resistance zone.
On the other hand, if the gap-up does not sustain or if the market faces rejection near the immediate resistance,
it could lead to a correction of around 38% to 50% in the minor swing.
The key point here is: until the market breaks below the 50% level, the overall bias may remain bullish. But if the 50% mark is broken,
it could lead to a reversal, with deeper correction possible.
Here are the market directions and levels for June 27:
Market Overview
Both the global markets and our local markets are showing bullish sentiment. Gift Nifty is also indicating a positive start of around 30 points today.
So, what can we expect today?
In the previous session, Nifty performed well and Bank Nifty also supported the move.
Structurally, the trend still appears bullish. So, if the market opens with a strong candle formation,
we can expect a further continuation of the rally.
However, my personal opinion is based on sub-wave calculations, the upcoming wave could be the 4th wave—which is typically a consolidation phase.
So, after the gap-up, the market may consolidate around the immediate resistance zone.
On the other hand, if the gap-up does not sustain or if the market faces rejection near the immediate resistance,
it could lead to a correction of around 38% to 50% in the minor swing.
The key point here is: until the market breaks below the 50% level, the overall bias may remain bullish. But if the 50% mark is broken,
it could lead to a reversal, with deeper correction possible.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.