SgX suggesting gap up of 90 odd points is good for all BTST trades. The rally is bullish and ready to go higher. The best thing to do is to buy on dips rather than chasing the momentum. That's the beauty of the markets. Nothing has changed on the macro economic front but the expectations go a notch higher due to bullish sentiment of China. This is also the reason, why meals are looking good on charts.
Nifty. Nifty is a little away from it's moving averages which does not allow us to jump in at the opening. It is very much possible for a drop in markets but we wont wait for it. Support is placed at 18050 and 17950. Resistance is placed at 18380.
BankNifty. We are in a trading range since the last 9 days. Today is the best day for Bank Nifty yo give a meaningful breakout. Support is placed at 41200 and resistance at 42000.
BUY on dips and remember that we are the best Nifty & Bank Nifty tips providers in India.
Nifty. Nifty is a little away from it's moving averages which does not allow us to jump in at the opening. It is very much possible for a drop in markets but we wont wait for it. Support is placed at 18050 and 17950. Resistance is placed at 18380.
BankNifty. We are in a trading range since the last 9 days. Today is the best day for Bank Nifty yo give a meaningful breakout. Support is placed at 41200 and resistance at 42000.
BUY on dips and remember that we are the best Nifty & Bank Nifty tips providers in India.
