Finnifty analysis for 09-01-2024

Finnifty showed stellar movement today on downside. Consolidated in first and last 1 hour in range. Performed in similar fashion to banknifty. Tomorrow expected to be rangebound in this range only. If range breaks higher and lower levels marked.

Finifty in range since December, 14. Overall momentum of market is bullish. So index is expected to find the support. Look for long opportunities only with scalping.

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R1 achieved, Approaching R2....

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R1 to S1. Markets Closing at S1.... both targets done and dusted.