I've taken a Long on Bank Nifty with Target of 50,600. Clear buying sentiment is visible. However, it would be interesting to see how it reacts off the selling level caused on 04th June when the Lok Sabha election counting took place.
I would not touch Nifty for now as Nifty seems to be in a trap zone.
I would not touch Nifty for now as Nifty seems to be in a trap zone.
Trade closed: target reached:
Trade worked beautifully and Target hit today morning.