NIFTY and bank nifty is expected a bounce near support levels from recent big moves. But, It Looks like, today's move is temporary rejection of sellers. There must be a following buying should come tomorrow after indusind results. else we may see a big fall. This result season is very crucial after tax reforms, better the results will lead to excellent rally. normal or average results may kick the market( particular companies - mostly infra) to miserable.
Disclaimer : I am not a certified analyst. please trade as per risk apatite.
Disclaimer : I am not a certified analyst. please trade as per risk apatite.
Comment:
NIFTY sell triggered with volume and strength. banknifty came up with only strength signal yet to give volume signal.
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