Yesterday BNF has cross the 22500 strong resistance and it was very much expected to reach 23000 after crossing the hurdle.
And today it is trending around their. But 23000 resistance is another strong resistance for BNF and 200 is strong resistance for Nifty .
If the rally has to continue they both have to cross it and continue which will be very hard as of now looking at Data points.
But anything can happen in the market. Continue long positions if Nifty and BNF crosses the resistance or be happy to book the profits. Then wait for confirmation of any trend.
Happy Trading :)
Note: Views are only for educational purposes.
Need to wait and see the market behaviour on Monday.
Wow.. Bang on!!
Can Nifty attempt to hit 10900 and then start a big correction?? Reason I'm asking is because in my opinion, one more high is pending in RIL and also in many other stocks..
Also, what is the wave count of the move from 7511?? Will the dip that has started (or will start from around 10900) be a correction of the move from March lows or will Nifty break 7511 ??