Nifty will Gap Up and can show some side movement. Market will end on a positive side. Reliance positive result is out. Adani FPO dragged the positive long run of nifty. Also Reliance can reverse. Most Probably market will resume it long run journey. Volatility can be seen in the market on Monday.
Banknifty was gap as I predicted in my previous analysis also the trend went side ways. For Monday Banknifty will gap up as the major banks went sideways and there was a sign of reversal from negative market. Banknifty was dragged by Nifty negative movement (Adani FPO News). Market will be volatile as there will be no one side movement. Please book your profit...
Market is more likely open in gap up position then sideways. 11am moment will decide it's short and long journey. It will be more like on the long run. we can see movement after 12pm. Market will be more on volatile movement rather than one side movement.