MUHURAT TRADING

The index kicked off well on the first day of Samvat 2076. It was a solid day when 43 points were gained at the end of the session.  

Few positive points:

• It opened positive at 11662 which is 10 points above previous week opening.  Big Positive.
• It has closed above 11615,60 which was the last hour high on Friday. Big Positive.
• It has closed well above 11575 which was the congestion zone since last Tuesday. Big Positive.

Now nifty has strong support at 11575 and as long as this is held, one can be long in this market for next target of 11740.60.

Bank Nifty has also come out of 29050 zone and closed above 29500, looking for an immediate target of 30100 which is our entry point for buy zone, where as nifty has already reached buy zone inviting BN to join the party.

Be long in this week, for targets 11750/30100 with strict SL 111575/29050 on a daily close basis. 

Good Luck!