Bank Nifty No Loss Strategy

On 3rd November Morning note, we clearly gave targets of Bank Nifty at 43000+ and Nifty at 18900+. Looks like the stage is set for the move. Low CPI numbers from the US had changed the entire global market set up at least for the short term. The rally in Dow and Nasdaq was due to shorts that covered their positions. This is not the case in other markets and Indian markets already have net longs. Now the issue is the same as in previous days. We cannot enter after a 300-point gap up. It would be highly risky. If ever in doubt then check our Bank Nifty No Loss Strategy and you will need not search for any other tips provider.

There is a thought that the markets have discounted lower inflation and lower rate hikes and even a pause. This is a myth as the inflation number is top good so, after a dip, the rally can easily continue.

Nifty. Whatever level we open, the strongest support is placed at 17960 and resistance at 18350, and then 18500.

BankNifty. The leader. Should touch 43k and beyond. Not the day to short.

Derivative. Data points are intriguing. In the last 2 days, short positions in the US markets reduces by 22% and increased by 13% in Indian markets. This is baffling considering, we haven't fallen like the US. Data says, either we are going straight up or a minor trend reversal, and then the rally may resume.