Market has been in a range from very long time and looks like
it would continue to be on the same side until Bank Nifty starts
giving support.
8800 will be strong support and 8900, 9000 will be strong resistances.
So market may continue to move between 8800 to 9000 until it
gives decisive break above 9000. Though there are minor corrections,
they are to be used only as buying opportunity as supports are equally
strong.
If market needs to make new high, Bank Nifty has to extend its
support. Till then, we may not see any significant upside or downside
movement.
So probably trading in index could be avoided for some time and
focus could be made on individual stocks.
it would continue to be on the same side until Bank Nifty starts
giving support.
8800 will be strong support and 8900, 9000 will be strong resistances.
So market may continue to move between 8800 to 9000 until it
gives decisive break above 9000. Though there are minor corrections,
they are to be used only as buying opportunity as supports are equally
strong.
If market needs to make new high, Bank Nifty has to extend its
support. Till then, we may not see any significant upside or downside
movement.
So probably trading in index could be avoided for some time and
focus could be made on individual stocks.
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