Mkt is in upbeat mood as USA markets are bullish. Today being Tuesday and Finnifty expiry and thus one can expect a volatile market. To be on the right side of market, donot forget to check our best Bank Nifty option tips on a daily basis.
What SgX shows is the 2nd attempt those week for 17350 and above. We open where sgx is, it will negate the lower high formation and can take the index higher. What remains to be seen is that can we do a higher low on closing basis? We have shared many times that consolidation can be volatile but stays within a range.
Since there is no change in the global markets on economic front, position sizing becomes very important and also do not expect higher levels. Simply follow the trend.
Nifty. Support has gone up now at 17260 and resistance at 17450/500 levels.
BankNifty. As said in my derivative report, banknifty is outperforming and it should continue today. Support is now placed at 39400 and resistance at 40500.
Buy on dips.
Since there is no change in the global markets on economic front, position sizing becomes very important and also do not expect higher levels. Simply follow the trend.
Nifty. Support has gone up now at 17260 and resistance at 17450/500 levels.
BankNifty. As said in my derivative report, banknifty is outperforming and it should continue today. Support is now placed at 39400 and resistance at 40500.
Buy on dips.
