Nifty Futures clinched new high but closed 30 points below ATH as the fight between bull and bear was at par. Any further up move is indicated if NF manages to cross 10774. If it breaches 10711 then there could be a slide up to 10684. Bulls need to protect 10684 to reach 10867. Or else it will be a move towards 10586. Today's close suggests very limited upside move is possible.
On nifty, be long only if NF stays above 10774 other wise one will be trapped as the down side risk is up to 10586.
Enough knowledge has been given on bank nifty and emphasized that crossing 25775 is a break out. I cannot shout much louder than this and those who missed the rally did not obey the level.
Bank Nifty has done with its rally and may move sideways below 26000. Next move for BNF purely depends on results expected from major banks in the coming days.
Trade with caution and protect your capital as any violent move can swipe your money.
Happy Trading!
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