Nifty :
Nifty closed at 7474.95. Yesterday, specifically written
that after completing the target of 7600 / 20, we have to see the price action
behavior and analyze. Nifty did correct after the target hit. Please note, this
correction is a small correction of an ongoing Uptrend until it closes below
7420. So now one can buy fresh around this level or with a Stop Loss of this
level on closing basis. In case it trades & sustains below 7370, one can
sell Nifty with a strict Stop Loss of 7450. Like this we have both the views
with a crucial day tomorrow as far as levels are concerned.
BankNifty :
BankNifty
closed at 15,112. BankNifty closed on exact support level. Tomorrow will be the
make or break day for BankNifty. The upper targets for BankNifty are 15,300
& 15,700 initially. In case BankNifty trades & sustains below 15,100
for an hour’s time, consider it as a selling signal for the lower targets of
14,800 & 14,400 initially. If in case of a sudden bounce & sustains
above 15,150 one may buy the BankNifty with a strict Stop Loss of 15,000. So
now we have two levels & ways to trade depending on the price behavior
during market hours.
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