We had an expected recovery in the 2nd half indicating a positive session today. There are a lot of positive rollovers happening, hence stock moves can be erratic for the next 2 days.
Every correction has 2 basic factors
1. Is it widespread? If not, then it's fine else it's a ptoblem.
2. If it is bought into, then weather stocks make new highs. If yes, then it was a dip, else wait for a clear pattern.
Make money using our bank nifty option tips on a daily basis.
#Nifty. Support of 18650 is holding as of now. Positional trading support is placed at 18530. Resistance should come in at 18770.
#BankNifty. Hdfcbank is a problem. 43835 is the level to watch. Above it 150 points. Below it, 150 points.
Buy on dips should be the trade template for the day.
