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Market Directions and Levels for Jan 6
There have been no major changes in the local or global markets. Both the global and Indian markets are showing a bullish outlook.
Today, the market may open with a neutral start, as GIFT Nifty is trading about 65 points higher.
What to Expect Today?
> In the previous session, both Nifty and Bank Nifty declined even though they opened positively.
If we analyze the chart, the market has taken a 61% retracement of the minor swing. This lies in the mid-range of the swing; therefore, today’s market may undergo consolidation within the previous day’s range.
> We can expect a clear directional move only if the market breaks either the current swing high or the swing low. Until then, the market bias remains neutral.
Market Directions and Levels for Jan 6
There have been no major changes in the local or global markets. Both the global and Indian markets are showing a bullish outlook.
Today, the market may open with a neutral start, as GIFT Nifty is trading about 65 points higher.
What to Expect Today?
> In the previous session, both Nifty and Bank Nifty declined even though they opened positively.
If we analyze the chart, the market has taken a 61% retracement of the minor swing. This lies in the mid-range of the swing; therefore, today’s market may undergo consolidation within the previous day’s range.
> We can expect a clear directional move only if the market breaks either the current swing high or the swing low. Until then, the market bias remains neutral.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.