The 15-minute candlestick chart for BANKNIFTY index futures on February 6th, 2025, reveals a market in a defined trading range, oscillating between a clear resistance and support level. This suggests a period of consolidation after a preceding move, potentially indicating indecision or a balance between buying and selling pressures.
The resistance line, around...
The 15-minute chart of MIDCP NIFTY futures for February 5th and 6th, 2025, reveals a clear downtrend. The price action is characterized by a series of lower highs and lower lows, indicating consistent selling pressure. This downtrend is reinforced by a resistance line connecting the lower highs and a support line connecting the lower lows.
On February 5th, the...
