Nifty & Bank Nifty Analysis (10th to 15th Feb 2020)

Nifty showed a good move after the budget session. Morethan 450 points rally has already come and the last closed price of Nifty 12098. If we analyze for the next week then there is a huge possibility that Nifty may show a correction up to 11970-12000. As per the current chart analysis, there are 80% chances that it will show 100 points correction from the current level and will look like a range-bound between 11970-12080. 
On the other side if Nifty breaks the level of 12250-12300 then we will see a rally towards upside but its possibility is 20%.

Nifty Bank also showed a rally of approx 1500 points now it closed on 31201 and if we analyze it chart then it may show a correction of approx 425 points from the current level means it may show a level of 30775 in the coming week. If it will break 31500 levels then we will see a huge rally but its chances are 15% only.

Now what we have to do in the coming week that is we have to wait and first analyze the market trend before taking any trade. 

Happy Trading!!