Nifty
:
Nifty
has closed at 7190.85, even today 1% up. As we are posting since few days, it
did try to reach the second target of 7230. It made a high of 7225. We have
already said that closing above 7230 is a must for a good up move. if it trades
& sustains above 7230, we may expect 7300 & 7370 kind of levels. 7370
is a very stiff resistance for the time being. And as mentioned, 6980 is a
support. Resistance & support, both the areas are bound to interrupt the
move. One may trade according to these levels handy. Further levels will be
discussed here after a significant move.
Bank
Nifty :
Bank
Nifty closed at 14,289.80, even Bank Nifty has given almost 1 % move. we have
mentioned about the resistance / targets of 14,250 / 14,300. And it almost
closed at around the resistance of 14,300. An another close above 14,300 might
take Bank Nifty to 14,400, 14,600 & even 14,800 also. These are the
possibilities & levels which one may keep handy for trading. Stop Loss is
at 14,100 on closing basis. 14,800 is a very stiff resistance and further
levels & strategy will be posted once we break any significant level on
closing basis. Trade well, trade safe.
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