Tuesday 26 December 2017

MARKET TREND 27/12/17

Nifty futures closed at 10530.50 slightly above ATH. The settlement price was around 10525. It does not matter much as the indication we got from index is positive and this expiry is going to be near ATH. 

Bank Nifty futures reacted in the last minute and closed around 25695. A close above 25725-40  indicates making a new high.

Do not expect index to get corrected at least for the next few trading sessions as bulls are going to be busy  in taking the market and scrips to new high till 5th of January 2018.

As already advised take 10600/700 CE of January and be long in the market.  

Happy Trading!



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