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  5. Trade Setup for NIFTY & BANK NIFTY on Budget Day

Market News

Trade Setup for NIFTY & BANK NIFTY on Budget Day

Gauri Singh
By Gauri Singh

3m 8s | Updated on July 23, 2024, 11:18 IST

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SUMMARY

On this budget day, let's take a detailed look at the trade setup for NIFTY and BANK NIFTY.

Despite a negative start, NIFTY managed to rebound from the day's low, protecting the crucial 24,500 level. We'll discuss the doji candlestick pattern emerging ahead of the budget announcement, key levels to watch for potential volatility, and open interest analysis indicating range-bound sessions. For BANK NIFTY, we'll explore the extended consolidation phase, key levels, and open interest insights ahead of the expiry

About The Author

Gauri Singh
Gauri Singh is an anchor and journalist with over a decade of experience, currently covering business, finance and general news. Beyond her professional pursuits as a storyteller, she is a cricket fan, loves travelling and is a dedicated yoga practitioner.

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