morning thoughts...
The markets reacted and moved in exactly the same pattern illustrated and as expected and said no rate cut was seen , however the markets saw good supports at our cushion levels and saw some intermediate bounce intraday closing above the support levels indicating a gap up opening in the coming session with nifty testing 8200 and bank nifty inching towards 18500
However as it inches up it meets resistance levels and selling pressure could emerge so one needs to follow the supports and resistance levels mentioned
The range for nifty stays at 8050-8250 and bank nifty at 18000-18500
Coming to commodity markets some buying is likely in bullions , base metals and energy
Yesterdays calls sent
The markets reacted and moved in exactly the same pattern illustrated and as expected and said no rate cut was seen , however the markets saw good supports at our cushion levels and saw some intermediate bounce intraday closing above the support levels indicating a gap up opening in the coming session with nifty testing 8200 and bank nifty inching towards 18500
However as it inches up it meets resistance levels and selling pressure could emerge so one needs to follow the supports and resistance levels mentioned
The range for nifty stays at 8050-8250 and bank nifty at 18000-18500
Coming to commodity markets some buying is likely in bullions , base metals and energy
Yesterdays calls sent