NIFTY : 10,003.40
As per the assumption,
NIFTY went above 9880 & sustained the level & closed above 10,000. Now we
are standing on the exact resistance level of 10,000. There is a possibility
that we may stop here for a while and either consolidate or come down a little
bit. In case of NIFTY coming down, it may again hit the level / zone of 9880 /
9860. In case of it goes above 10,000 & continues the uptrend, it may see
10,100 and might retest the recent swing top which is the all time high of
10,188.80. So for all of us tomorrow’s close is very important & the next
probable short term trend will be decided on the basis of tomorrow’s close,
i.e. Monday, 09/10/2017 close. Since we are trading on the resistance, one must
be careful & trade with a proper Stop Loss. You may use the levels we have
discussed above.
BankNifty : 24,228.10
There is no change in
the levels yet & one may continue to use the previous levels as posted. The
previous post was :
Comparatively,
BankNifty is weaker than NIFTY. In my previous post, I have mentioned the
levels of resistance & support. Amazingly, it almost touched the resistance
mentioned in my post & came back. The levels of 24,270 / 24,300 as
resistances & 24,000 as a support are still intact. One may look for these
levels & keep it handy for any positional trades.
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