Banknifty is not looking as strong as Nifty.
These are the 4 possible scenarios.
1. Gapup - there might be some volatility around 39700 range and then it might move up.
2. Gapdown - there might be some volatililty around the 39300 levels and then move down.
3. if the stock opens at the same levels and moves down, the price might halt at around 39300 levels and then move down.
4. If the stock opens at the same levels and then moves up, the price might halt around 39700 levels till 12:30 then might move up..
Looking at the global index, the market might gapup.
These are the 4 possible scenarios.
1. Gapup - there might be some volatility around 39700 range and then it might move up.
2. Gapdown - there might be some volatililty around the 39300 levels and then move down.
3. if the stock opens at the same levels and moves down, the price might halt at around 39300 levels and then move down.
4. If the stock opens at the same levels and then moves up, the price might halt around 39700 levels till 12:30 then might move up..
Looking at the global index, the market might gapup.