The expiry day was filled with bullish outlook in the morning as the gap up motivated many to go long and expecting a further move above 24,000.
As long as 23891 is not broken on the upper side and closed above this on a daily closing basis one cannot expect 24000+ in BNF.
The close of both index near day high indicates side ways move.
Most likely index may take a break for few days and do not expect it to make new high at least for the next 3-4 sessions.
Nifty - Resistance 9935 Support at 9880/69/43. Any close below 9793 can lead to serious fall up to 9625.
Bank Nifty if 23808 support is broken it can lead to fall up to 23747. but a close below 23728 will lead to a steep fall up to 23550.
Bank Nifty Support 23808/747/728 Resistance 23891/927.
Happy Trading!!
As long as 23891 is not broken on the upper side and closed above this on a daily closing basis one cannot expect 24000+ in BNF.
The close of both index near day high indicates side ways move.
Most likely index may take a break for few days and do not expect it to make new high at least for the next 3-4 sessions.
Nifty - Resistance 9935 Support at 9880/69/43. Any close below 9793 can lead to serious fall up to 9625.
Bank Nifty if 23808 support is broken it can lead to fall up to 23747. but a close below 23728 will lead to a steep fall up to 23550.
Bank Nifty Support 23808/747/728 Resistance 23891/927.
Happy Trading!!
As far as today's play out is concerned still bulls are in raging mood.In many scripts in NIFTY there forceful participation was not cleared to me.There are so many mismatch I found.
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