Nifty 50 has made Hanging Man for 2 continuous days, which gives a cautious outlook for the Nifty at least.
Major reason for Nifty consolidation is Bank nifty which is under performing the market.
Overall Nifty is in uptrend so we should look for buy at dips.
Nifty 50 can be bought near 11540-50 levels for a target of 11630 in 2 days.
As long as Nifty is trading above the trend line its a Buy.
Major reason for Nifty consolidation is Bank nifty which is under performing the market.
Overall Nifty is in uptrend so we should look for buy at dips.
Nifty 50 can be bought near 11540-50 levels for a target of 11630 in 2 days.
As long as Nifty is trading above the trend line its a Buy.