Nifty futures took a reversal at 10290 which was the Feb 2018 low and has taken support near 10115 which is the March expiry close and finally closed at 10146.60.
Bank Nifty took a reversal at 24700, unable to sustain above 24600 which happens to be the low of February 2018.
Both the index have exactly reversed from February low.
The long bearish candle formation today has negated all the efforts taken by index during the past one week. Sad part is index is now in sell on rise situation.
Market awaits RBI policy tomorrow. This should give direction to the market.
Nifty futures support 10115/052/9960. Resistance 10197/2230.
Bank Nifty futures support 24085/23631. Resistance 24600.
Today we have doubled our investment in Tatamotors CE and 25000 CE before market fall. We remained sideline during down trend as we have already completed trade.
Bank Nifty took a reversal at 24700, unable to sustain above 24600 which happens to be the low of February 2018.
Both the index have exactly reversed from February low.
The long bearish candle formation today has negated all the efforts taken by index during the past one week. Sad part is index is now in sell on rise situation.
Market awaits RBI policy tomorrow. This should give direction to the market.
Nifty futures support 10115/052/9960. Resistance 10197/2230.
Bank Nifty futures support 24085/23631. Resistance 24600.
Today we have doubled our investment in Tatamotors CE and 25000 CE before market fall. We remained sideline during down trend as we have already completed trade.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.