Today both indexes closed at record high.
Today BNF started moving up immediately after crossing 25037 around 11.30 AM.
Nifty Future closed at 10102 after and just 15 away from previous high.
Bank Nifty created yet another high today and closed at 25129 near all time high.
Both the indexes are in break out and likely to open with a gap up tomorrow. Better to book profits in the initial hours of trade as volatility may start.
Do not take the index moves very lightly and assume upside. Be prepared for high volatility which will reward you if you are contended and punish if you are greedy.
Nifty faces resistance at previous high 10118 and support at 10097/72/53/42/02.
Bank Nifty has resistance at 25366, perhaps BNF tops up here at this level. Support seen at 25009/24980/933/839/810/763.
Happy Trading!
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