Nifty spot has closed above 10939 after a long waiting. But the buying is not so strong enough to confirm further bullishness. From here any rise looks like sell on rally. Nifty is getting ready for a deep cut by 150-200 points. But the sell is not yet confirmed. A close below 10908 shall lead to fall unto 10750.
Bank Nifty has already confirmed sell. Any close below 27400 can take BN spot up to 27190.
Good Luck!
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