Nifty managed to close above 10600 and the new series start with a cheerful note. Since there has been a vertical climb in nifty for the past 20 sessions one must be alert and keep strict SL.
10670 in Nifty Spot looks very critical and a daily close above this makes nifty bullish. But a close below this leads to reversal.
Bank Nifty likely to move up if it close above 25100 on an hourly candle.
In short, both indices are in favor of bulls as of now.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.