Today Nifty and Bank Nifty recovered smartly and closed near day high. All CEs are almost in buy mode and the uptrend is likely to continue for few more sessions.
If Nifty futures close above 10250, the chances of revisiting 10100 in this month looks remote. Better to cover all short positions. A close above 10280 gives more advantage to bulls.
Bank Nifty must catch 25500 level which should be possible in the next one or two sessions.
Nifty level to watch 10226/10308.
BNF 25273/500/623 .
These levels are very critical and any close above these levels indicate bullishness.
Close below 10088 on NF and 24885 on BNF indicates further bearishness.
Happy Trading!!
If Nifty futures close above 10250, the chances of revisiting 10100 in this month looks remote. Better to cover all short positions. A close above 10280 gives more advantage to bulls.
Bank Nifty must catch 25500 level which should be possible in the next one or two sessions.
Nifty level to watch 10226/10308.
BNF 25273/500/623 .
These levels are very critical and any close above these levels indicate bullishness.
Close below 10088 on NF and 24885 on BNF indicates further bearishness.
Happy Trading!!
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