Market witnessed gap up and as advised all my followers booked profit when NF was trading between 10070-80. High made was 10084.
Afternoon market tumbled down to our number 9969 and bounced back. It looks the intermediate correction is done with. But point of worry is Bank Nifty which is still not confirming the upward trend. It has not crossed 24480 indicated in my post yesterday.
Wait for NF to cross 10017 to go long. Also BNF should cross 24270 to be in a safe zone. Till then do not try to trade.
Nifty and Bank nifty levels remain the same as per previous posting.
Wait for next trade!
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