The price action of of both Nifty and Bank Nifty clearly indicates PEs have already given up their fight and surrendered. If a weekly close is on a very weak note it means next week could see further up move. You can check 24500 PE of April series to confirm the bullishness.
Nifty Options also confirm the same and one can see the price action from 10200PE.
What next?
We are likely to see market moving up and continue the journey in the north direction.
Index scrips are all trading above Feb Low and trying to catch March low. Any shorting of F&O Scrips will be disastrous.
Key level to watch 10437 in NF and 25280 in BNF. ( Same as yesterday)
If index manages to surpass these levels then we may probably land up near 10675/25779 ( My Magical Number).
Happy week end!
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