Banknifty Update

There is a high Possibility of shortcovering in banknifty If price go above Today's high (5 min candle closing above today's high). Then upon continuation, we can expect prices to rech back to 35000 to 35050 Levels in Futures.

Otherwise prices might stay sideways to slight bearish from this point
Prices reached our 1st target area
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FII/DII activity on 27 dec 2021
Good Morning Everyone
Pre Opening Market has been settled
Nifty 50 is opening gap up 0.53%
Nifty Bank is opening gap up 0.71%
Nifty IT is opening gap up 0.52%
Nifty Infra is opening gap up 0.44%
Nifty Energy is opening gap up 0.60%
Nifty FMCG is opening gap up 0.33%
Nifty Pharma is opening gap up 0.21%%
Nifty Auto is opening gap up 0.53%
Nifty Media is opening gap up 0.68%
Nifty Metal is opening gap up 0.60%