Banknifty - Monthly PoC - Level for September'24
Banknifty PoC for Aug'24 was 51,668 based on Jul'24 data. View for Aug'24 was bearish and we saw dip of 2000 points below 51,668 during Aug'24. On an average 2,000 Points of move can be seen on the side of the view with 90% - 95% accuracy. For the month of Sep'24 PoC is 51,156 . View is bullish for Sep'24. Banknifty is going like crazy and all kind of traders and investors are into the market pushing the market on upside, even bears are helping bulls to perform. No one is there is to help poor bears. Need to closely watch price action around 52,000 level. If we manage to close above 52,000 level then new high is guaranteed. But Bears are requested to be in sideline for few days till we get minimum signal. PoC for week ending 6th Sep'24 is 51,301 Bears will get enough time to take positions, dont try to catch top / bottom, during this process you will make lot of loss. Trend is your friend. Banknifty / Nifty R...