Going ahead the Nifty still remains to be low on the curve with a slightly stance. The first still exists at 10899 with a stop loss of 10842. Another on a higher time frame lies at 10863 with a stop loss of 10585, fine tuning this we have 10655 with a stop loss of 10585. Supply zones lie at 11087 with a stop loss of 11181. Another one lies at 11173 with a stop loss of 11267.
Nifty bank on the other hand shows some amount of indecisiveness on the way forward signalling some more downtrend could be in place. We still have well defined zones which could act as a turning point. We have a at 27043 with a stop loss of 26617, fine tuning this zone we have another one at 26920 with a stop loss of 26762.
Looking at supply zones we have one at 28251 with a stop loss of 28602. Another one on a higher time frame exists at 29325 with a stop loss of 29770.
The markets look to be well defined by boundaries on either side and might be seen sideways for a couple of days of the week before it decides its next move. However it surely looks like to get more volatile as the government might come out with some measures focused on the capital markets as hinted in their announcements.