Nifty kept all the bulls happy by making a new high, by inching ahead by 1 point to 11761. The narrow range trade of 30 points till 1.30 PM was seen where lot of selling took place. The fall was nt much but the day close was signalling more depth in the next session. It has closed below 11645 which was Monday's low.
Bank Nifty came down heavily and settled near 30k.
Watch out for 11490/ 29750 which are very critical numbers and the index is likely to visit these numbers in the next one or two sessions. A daily close below this signals more pains ahead.Go long only above 11761 and 30675.
Weekly expiry trades advised for members on board!
Good Luck!
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