The nifty gained for the third consecutive day of the week. The indicators are showing overbought situation in the index. The momentum is slowing down. There could be profit booking at any time which should take nifty to the near by support level 11118.
Bank Nifty may post another 100 points gain and will it be able to hold 29k is to be seen. BN support 28388.
Good luck!
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