Nifty Future and BNF both could not sustain a small upside rally as the selling pressure has been too much.
As posted yesterday, BNF has breached 24000 and closed below 24k. This has been clearly mentioned with the help of Chart in this blog.
Hope most of the people would have got benefited out of the same. This is a sell on rise market.
Nifty and BNF are both under severe selling pressure. Avoid all longs in the market. Again I remind that No Trump and No Kim is responsible for the fall. This is purely technical sell. As indicated earlier you can epect 600-700 points correction from the peak -10150 in case of NF and 2500-700 points in BNF from its peak 25260. So plan accordingly and try to take most advantage out of this huge correction.
Nifty Positional Support 9450/9350 Resistance 9875/9920/10070
Bank Nifty Positional Support 22800/22500 Resistance 24307/24473
Happy Trading!!
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