BN has decided that it will cross 33000 by Jan end. It's propelled by it's own steam. Nifty has lost momentum and is waiting for fresh indications. On the down side if BN falls below 32700 it will touch 32560. But we will stay on the long side bcoz it's on the long side
BN may drop to 30965 / 30497. This is the start of the volatility week. The week prior to the budget. And the news of the proposed taxes in the budget is not making matters any better.
Let's see if things do improve we may go back up to 31628.
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