Nifty
:
Nifty
has closed at 7240.70, flat to slightly up. Nifty closed at exact resistance
levels of 7240 as we have mentioned in previous report / post ( 7230 / 7240 ). Fair
chances are there of Nifty going upward for the targets of 7300 &
7370/7400. Stop Loss is at 7100 as stated earlier. First weakness will emerge
only below the close of 7100. Till then a small rally is expected. For the time
being, huge movement is not expected and Nifty seems range bound to positive.
In any side more than 150 / 200 points movement is not expected. 7370 is the
upper band & 6980 is the lower band. Close below / above these levels will
create momentum.
Bank
Nifty :
Bank
Nifty closed at 14,395.70, even Bank Nifty has given almost flat to positive close. As per previous report /
post, 14,400 was the first target & that is achieved, during the rally
& momentum, 14,600 is also appearing. 14,800 is a probable target but it
seems very far as of now. One may have to think of 14,100 as a Stop Loss &
14,600 as a small, short term target. Close above this, will create momentum
towards 14,800 also. This small rally kind of sentiment can be punctured only
if Bank Nifty closes below 14,100 / 14,000. Till then enjoy the rally &
trade safe.
No comments:
Post a Comment