ANALYSIS OF BANK NIFTY AND NIFTY

Market Analysis: Nifty and Bank Nifty Poised for an Upswing
In today's market analysis, we'll delve into the recent corrections and potential upmoves for both Bank Nifty and Nifty. Bank Nifty has been in a corrective phase since last Thursday. After closing at a low on Friday, it surprisingly showed a reversal on Monday instead of continuing downwards. This indicates that Bank Nifty might be setting up for another leg of upmove today (Tuesday), as its trend structure remains intact.
Meanwhile, Nifty's correction started on Friday. Despite this, it has demonstrated significant strength and is positioned for a potential breakout. As Nifty closed near Friday's high, it is likely preparing for another upmove, potentially reaching the level of 23,346. Similarly, Bank Nifty is expected to aim for the 52,500 mark.
Stay tuned for a detailed analysis and insights on these developments!

[@MrPravin38]

Good approach for analysis, thanks

[@Papertigerchina]

GM maam

[@vikranan21]

What is the monday view please mam?

[@nalinakshiswamy1883]

monday view will be sideways to positive
thee is no threat in the market