Nifty (15808) we said’ technically the Nifty still looks weak so the range now is 16500-16000’ the Nifty unfolded weak as expected and has closed in the red breaching the 16000 mark…technically Nifty is very stretched and bounce back is possible but a buy signal would be generated above the Nifty trading the 16000 mark…
Bank Nifty (33532) we said ’technically now the range now is 34000-35000’ the Nifty bank breached 34000 mark and has closed in the red…technically the Nifty Bank is interestingly poised that an up move would generate a buy signal…