Nifty trend remains unchanged. Bank Nifty has to support nifty to move up.
Bank nifty is still unable to break the 25500 level. If that happens one can expect Nifty to move higher.
Will it happen?
An entry is possible to get in to Nifty futures or CEs before Friday and PATIENCE is the key.
Nifty future resistance 10361. Support 10293.
Bank Nifty future resistance 25481/575. Support 25255/211.
Irrespective of events like FED meeting, Election results, bla...bla...our index has bottomed out and moved up. Do not expect a big correction in index.
If you find Nifty future coming down to 10288-248, buy CEs of 10300/400 for good gains. Till then WAIT.
Bank Nifty future will roar if it crosses 25500. This weekly expiry may be below 25500. Remain cautious.
Happy Trading!!
No comments:
Post a Comment
Note: only a member of this blog may post a comment.