#Banknifty Directions and levels for DEC 7th.
"Good morning, friends🌺! As of December 7th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a gap-down start, considering the GiftNifty value at -50.
Afterward, if it breaks the immediate support level, then we can expect a continuation of the correction. However, if it finds support around the immediate support level, it might turn into a range market for a pullback continuation.
The rally will occur only if it breaks the previous high with a solid structure. Otherwise, it will form a consolidation structure."
Afterward, if it breaks the immediate support level, then we can expect a continuation of the correction. However, if it finds support around the immediate support level, it might turn into a range market for a pullback continuation.
The rally will occur only if it breaks the previous high with a solid structure. Otherwise, it will form a consolidation structure."