The much awaited RBI Policy failed to give direction to BNF and it almost ended flat where as Nifty ended up with a substantial gain and closed very near to 9950.
Bank Nifty has to catch up 24480 so that both the indexes synchronize to move towards all time high.
Most probably this could happen only during next week and consolidation around 9900-9950 is expected during this week. This Friday could decide the direction of the market.
Market looks quite tricky and you must exercise patience as the next 3 to 4 sessions could be sideways by way of consolidation at 9900-50 levels.
Do not short Nifty or Bank Nifty as the dip means short covering by heavy weights.
Dec 10000 PE confirms market heading towards 10000.
Market looks quite tricky and you must exercise patience as the next 3 to 4 sessions could be sideways by way of consolidation at 9900-50 levels.
Do not short Nifty or Bank Nifty as the dip means short covering by heavy weights.
Dec 10000 PE confirms market heading towards 10000.
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