Nifty futures today opened gap down to touch a new low for the week, 10078, and it started moving up very fast and the day never saw 10100 again. It closed at 10159 and the close looks better.
See last week low. It was 10155. Today close is above previous week low. That is the reason it looks better. If Nifty future is able to close above 10200 then we can see 100+ points moves on the upper side.
On bank nifty futures, we can expect a good move if we find a daily close above 24400. Till then it is bearish.
Be ready to catch the swings and trade as index is ready to give excellent moves.
Happy trading!!
No comments:
Post a Comment
Note: only a member of this blog may post a comment.