Nifty (19674) we said ‘technically uptrend is still intact as long as 20000 is not violated’ the Nifty violated the 20000 mark with bear gap and seen a crack and has closed deeply in the red…technically the Nifty still looks weak and a slide to 19460 is a possibility and I would view the Nifty as down until it takes and closes above 19840…
Bank Nifty (44612) we said ‘technically uptrend is still intact as long as 46000 is not violated’ the Nifty Bank violated the 46000 mark with bank and has closed in the red…technically the Nifty Bank still looks weak and a slide to 43540 is a possibility and I would view the Nifty bank as down unless it takes out and closes above 45250