It is clear that the trend is down, so to trade against it is like swimming against the tide which will not give desired results. Hence, simply follow the trend avoid the days of reversals
Nifty. Upside is clearly limited, but data suggests wild intraday moves with bearish outlook. Nifty if it breaks 15400, then we can see a fall of close to 200 points. Upside is limited till 15520.
BankNifty. Bank Nifty showed a lot of strength yesterday, but could not hold it as last hour sell off pushed it lower. Support is placed at 32400 and resistance at 33000.
Make money using our Bank Nifty Bank Nifty Prediction on a daily basis.
Yesterday it did not gave us our desired closing but it had saved our support of 15387 to 15350 zone on closing and now today all the call writers of 15400 till 16500 calls may come in danger and wave C upmove towards 15885 to 15990 unfolds let's see.
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