Nifty continues to be in an uptrend, currently in a from 11725 with a stop loss of 11981. Although triggered last week it is still suggested to maintain with stop loss in place. Another comes at 12016 with a stop loss of 12106. We also have newly formed at 11657 with a stop loss of 11490, next one lies at 11481 with a stop loss of 11411.
Nifty bank in an uptrend still lies in from 29674 with a stop loss of 30800. This zone is active and can be played out with stop loss in place. Another exists at 30641 with a stop loss of 31660. Looking at demand zones we have one at 29516 with a stop loss of 28923, next one lies at 29563 with a stop loss of 29395.
Seems like the street wants to move on from the problems, at least for now as bulls seem to be gaining control but cautiously. The ground level problems persists and looks like time would be a perfect healer for all of it. However it is suggested to be cautious before one can really jump the gun and get on board at such higher levels.