I am writing the review after 4 months as I had tested Covid Positive and then went for a holiday…
Nifty (17136) we said ’technically now Nifty has a stiff resistance at 17000 and the downside is open’ the Nifty opened above 17000 and stayed up bringing in short covering and ahs closed in the green… technically now 17000 is a crucial support to deal with and if it stays above, it then more shorts covering is not ruled out…
Bank Nifty (36351) we said ‘technically now 36500 is a stiff resistance to deal with and downside is open’ the Nifty Bank opened with a gap and stayed put but below our resistance of 36500…technically now if Nifty Bank opens above 36500 the it would bring in more short covering….