Market has strong support @ 8700. Yesterday it got broken on intraday
but closed above it. Now we need to wait and watch.
8700 on Nifty and 19000 on Bank Nifty needs to hold for the market
to recover. If it fails, it opens up levels of 8500 on Nifty and 18500 on
Bank Nifty.
After big sell off in USA market yesterday, asian markets are not very
nervous and opening of Nifty is looking positive.
Wait for confirmation. Do not take any position in hurry.
but closed above it. Now we need to wait and watch.
8700 on Nifty and 19000 on Bank Nifty needs to hold for the market
to recover. If it fails, it opens up levels of 8500 on Nifty and 18500 on
Bank Nifty.
After big sell off in USA market yesterday, asian markets are not very
nervous and opening of Nifty is looking positive.
Wait for confirmation. Do not take any position in hurry.
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