Nifty (16274) we said ‘technically Nifty needs to cross 17400 if it has to go up and until then it would still be down’ the Nifty opened with a bull gap and the short covering propelled to close in the green…technically now the range is 17000-17400
Bank Nifty (39110) we said’ technically Nifty bank needs to cross 39600 if it has to see some strength and until then it is a doubtful up move’ the Bank Nifty opened with a bull gap and traded higher to close in the green…technically now the range is 38500-39600