Trade light as Karnataka elections uncertainty exists. So clarity will emerge after election results
Lot of divergence on so many charts in different time frames. It includes both the Indices. I will today, book profits in many delivery based positions, some of them have been shared with you. Not a day for fresh longs though intraday trading is different.
Having said that, not buying does not mean selling. Shorts are advised. Let the market give us a set up. Though we did lot of put trades like Vedata and PFC.
Nifty. Support is placed at 18180 and resistance at 18340
BankNifty. Weaker Index, support is placed at 43000 and resistance at 43700 which is also our stoploss for positional shorts on Bank Nifty.
