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NSE:NIFTY

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NSE:BANKNIFTY

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Keep Stop of recent low. Above 34000 Bank Nifty may spark on upside till new ATH, upcoming RBI policy may fuel up this rally.

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Keeping Stop at recent low of 14300 levels, and if Nifty manages to sustain above 15000 then we me see a fast & furious rally towards 16000+ in April month itself. Not sure what may trigger such rally on upside but by looking at charts move is clearly visible on upside provided we close above 15000 with strength.

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Below 14750 be careful and in no time it may reach 14200. There is no doubt that any rise is a selling opportunity as we are witnessing RSI divergence. The upper resistance line is working so well and now its time to touch the lower trendline which is near 14200 zone. Happy Trading

TrendScanner Updated 

As Index moves higher approaching resistance trend line with RSI above 80. Small intraday dips are being bought and somehow index management is going on. The risk reward for Long becomes very unfavourable at these levels. Immediate resistance at 13880-13920 and if index manages to stay above 13600-700 for upcoming sessions then we may see one more attempt...