Market has too much shorts and have broken 8750.
Now we need to see if 8700 hold, if not we could see market
move towards 8600
Bank Nifty has broken 18800, which can lead the fall.
If we do not see support coming in from Banks, the downfall
can now increase.
Market may now be in a range. 8500 on the lower side will
act as support & 8900-9000 will act as resistance.
Now we need to see if 8700 hold, if not we could see market
move towards 8600
Bank Nifty has broken 18800, which can lead the fall.
If we do not see support coming in from Banks, the downfall
can now increase.
Market may now be in a range. 8500 on the lower side will
act as support & 8900-9000 will act as resistance.
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