Nifty ended flat and closed near previous day. On daily chart we could see red candle as nifty could not close above the opening level. It clearly indicates loss of momentum and profit booking at this level. Bnk nifty futures has posted gains for the ninth consecutive session from 27189 on 1st March to 29134 yesterday, making almost 2000 points biggest rally during the last two years
Nifty range for the day 11230-11425. Bank nifty range 28500-29200.
11325 and 28650 are very crucial numbers and a close below this number indicates a pull back.
Good Luck!
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