Nifty Future traded above our number 9969 for more than 3 hours and the trade was in a very narrow range before it makes a big jump to end at 10117 - a gain of more than 30 points - in less than 10 minutes. Will it hold the gains on Monday? Answer is YES.
But Bank Nifty Future did not support the last minute move. Still 24258 is not broken to climb high. The close was at 24228.
In all probability BNF also must follow Nifty future. Will it happen?
We must wait and watch the movement.
Nifty Future Support : 9982/9892/9788 Resistance: 10099/10116/10188
BN Future Support : 24183/24025/ Resistance : 24458/480/707/880
ALERT: Unless a Geo- Political situation arises, our market is not likely to give up the gains and it is prudent to be long in the market. Go with proper stop loss to protect from any unprecedented fall as market looks tricky. Monday afternoon to Tues day will be a testing time for both bulls and bears as the trend will be in suspension. The Nifty range could be 9980-10040.
My verdict for Wednesday and Thursday market move is reserved as I will share it on Tuesday evening.
Happy Trading!
The mind set of PUT Holders after Nifty Blast during the last 15 minutes trade on Friday is below:
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