Nifty closed below 11600, traded in the range of 11560-604 through out the day. Bank Nifty also could not reach previous day high and closed at 29786.
There are signs of exhaustion seen from the beginning of this week. A close below 11550/29750 will confirm the downward trend from next week
Reduce your exposure and wait for a meaningful correction up 11399/300. Bank Nifty correction up to 29200-29050 looks imminent.
Good Luck!
There are signs of exhaustion seen from the beginning of this week. A close below 11550/29750 will confirm the downward trend from next week
Reduce your exposure and wait for a meaningful correction up 11399/300. Bank Nifty correction up to 29200-29050 looks imminent.
Good Luck!
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