Nifty will be upwards afer sustaining 17300 to 17380 range next week, with a up tgt of 17486 , then 17552.
It may but unlikely be on downwards if sustaining after 17150 to 17100 range with a down tgt of 17000, then 16965 next week.
Banknifty long term bearish mode. It indicated a long time bearish consolidation range from top 36174 down to 34480 in next 1 or 2 months till mid - Feb 2022.
Thus, it will also drag down Nifty as well. Only Reliance and HDFC brothers would pull it up these indexes during this phase of consolidation.
Hence, prepare for the roller coster ride with VIX in range of...
Stealing a minimum 30 points on each leg of the low of 177007 and high of 17193 is a master''s job. One need to sync b/w his mind, emotion and fingers to book.
Enjoy the roller coaster !!
After a panic sell in Oct expiry, Nifty will be showing strength up and above 18024. DOW, S&P is retraced, however Banknity participants and heavy weights HDFCBank, ICICI, Axis on a down trend both in ADR and India.
Nifty could be shorted , why ? S&P, DOJ, SGX and other global indexex pulling down consistently. However, one has to be very cautious and keep track of Reliance which holds Nifty quite number of sessions. Overall Nifty index will be towards south in short term
