After 2 days of continuous buying, yesterday market has broken the major resistance of 5815 with high volumes and now clearly showing the direction of the market to be upwards. The downside risk now is limited to 5750 and upside can be upto 6000.
Now all the corrections will give opportunity to buy. Bank Nifty has also broken its important resistance of 11,750. Now the band of 11,800 - 12,000 is the major resistance area which has been decisively broken. Now holding the level above 12,000 will take Bank Nifty still higher.
You can see buying coming from all sectors and taking the market to fresh highs, which is very good for the market.
Now all the corrections will give opportunity to buy. Bank Nifty has also broken its important resistance of 11,750. Now the band of 11,800 - 12,000 is the major resistance area which has been decisively broken. Now holding the level above 12,000 will take Bank Nifty still higher.
You can see buying coming from all sectors and taking the market to fresh highs, which is very good for the market.
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