SgX nifty shows a gap up opening which may or may not sustain. During the day, we may see a sharp drop and correction is a buying opportunity for higher levels in the market. Overall, there is nothing wrong as of now. USA Markets are higher indicating that USA debt crisis will be resolved
Nifty. Resistance is placed at 18300 and support is placed at 18050 which is also our target.
BankNifty. Still very strong due to the pending results of SBI. Support is placed at 43250, and resistance at 44150.
Sell on rise
Since March end, Bank Nifty has always given a good move on the expiry day. So, need to be careful.
