Nifty (16240) we said’ technically the Nifty is so stretched that a bounce back is not ruled out’ the Nifty saw a meek bounce and saw the low near 16000 and has closed mildly in the red…technically the Nifty still looks weak so the range now is 16500-16000
Bank Nifty (34483) we said’ technically 34000 is a strong support zone to deal with and bounce back is a possibility’ the Nifty Bank respected the 34000 support zone and has closed in the red…technically now the range now is 34000-35000