The last leg continues as we have been saying since the last 2 days. It is very much possible to get a dip to go long. For all long positions, support comes at 18500 /480 levels. Below this, longs need to be reduced.
Wave 5 is a tiring wave and hence the rise will be intermittent with lots of breaks in between, Hence make it clear - the range between 18500 to 18660 is a no trade zone. So, we need to wait for the range to break.
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#Nifty. Support is placed at 18500/ 520 and resistance at 18660, 18720.
#BankNifty. Support is placed at 44850 and resistance at 44400.
Data formation is neutral with short buildup increasing in Index, pitch report yet yo give a clearer picture.
