Nifty Future took a U turn and it reminds us the old saying in a new way:
"Trader Proposes - Nifty Disposes"
Nifty has lost its intra day support and closed at 9852 indicating a further down trend unto 9793. Beware at this level as NF is likely to reverse from here. Do not expect too much on the downside as the most critical component Bank Nifty is not likely to support the downfall.
Bank Nifty likely to touch 23927 which could act as a support. If BNF does not close above 24184.90 on a daily closing basis, it means BNF is also likely to join Nifty in its downfall.
Trade with caution till this expiry.
"Trader Proposes - Nifty Disposes"
Nifty has lost its intra day support and closed at 9852 indicating a further down trend unto 9793. Beware at this level as NF is likely to reverse from here. Do not expect too much on the downside as the most critical component Bank Nifty is not likely to support the downfall.
Bank Nifty likely to touch 23927 which could act as a support. If BNF does not close above 24184.90 on a daily closing basis, it means BNF is also likely to join Nifty in its downfall.
Trade with caution till this expiry.
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