Nifty manages to stay above 10355 which is a very positive sign so that the next move up to 10475 can be expected.
Bank nifty also holds above 25000 is also good but for a bullish move it must close above 25200 so that next target 25500/25975/26200 are possible. A close below 24800 may lead to 24000/23500. It is better to wait for a confirmation before we go long or short in BNF.
The Fed meet decision comes late in the night on Thursday. The impact of the same will be known on Friday. Till then it could be a range bound market.
Better to wait and enjoy the ride.
Happy Trading!
Bank nifty also holds above 25000 is also good but for a bullish move it must close above 25200 so that next target 25500/25975/26200 are possible. A close below 24800 may lead to 24000/23500. It is better to wait for a confirmation before we go long or short in BNF.
The Fed meet decision comes late in the night on Thursday. The impact of the same will be known on Friday. Till then it could be a range bound market.
Better to wait and enjoy the ride.
Happy Trading!
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