Nifty closed at 12032.50, LTP was 12038 giving a clear indication that the down side is much limited. We can see a swing of 100 points on the down side today and with that nifty should make an up move. Both nifty and bank nifty are still in buy mode and never gone in to positional sell.
Up side in nifty is possible whenever nifty is able to cross 12138 during this week. Target 12275. n the lower side 11800 looks possible only if nifty breaks 11945.
In short the range is 11950-12150 for this weekly expiry.
For bank nifty the range is 30750-31470.
Trade with caution as both up and down side looks limited.
Good Luck!
PS: Those interested in picking technical knowledge and do trades as per technical can approach me. This enhances your knowledge, develops patience, and make you pick perfect trade instead of wasting money without knowing the moves.
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