Nearly 750 points rally in Dow in fhe last 2 days and hence a big gap up. Again such a gap up does not hive us a chance to trade long. The best benefit is in our delivery positions which is giving us decent returns.
We wrote many times, consolidation is happening in the markets between 17400 and 17800 and we have seen the breakout. Bank Nifty is leading and should continue to lead at least till this week expiry.
Our job is to follow the trend and continue the ride with trailing stoplosses.
#Nifty. SgX suggests an opening at 18400 which is a good 200 points higher. We will buy only on a dip and on signs of reversal. Support is placed at 18200 and resistance at 18430.
#BankNifty. The ruling index. Should open at ATH which I indicated last week. Infact should continue the ride atleast till this week expiry.
BUY on dips on low quantity.
NOTE - The Bank Nifty to Nifty ratio is at 2.30 which is on the higher side, hence we are near the upper band. Remember to use our bank nifty tip and you will be always ending with the profit as we trade less but trade accurately.
We wrote many times, consolidation is happening in the markets between 17400 and 17800 and we have seen the breakout. Bank Nifty is leading and should continue to lead at least till this week expiry.
Our job is to follow the trend and continue the ride with trailing stoplosses.
#Nifty. SgX suggests an opening at 18400 which is a good 200 points higher. We will buy only on a dip and on signs of reversal. Support is placed at 18200 and resistance at 18430.
#BankNifty. The ruling index. Should open at ATH which I indicated last week. Infact should continue the ride atleast till this week expiry.
BUY on dips on low quantity.
NOTE - The Bank Nifty to Nifty ratio is at 2.30 which is on the higher side, hence we are near the upper band. Remember to use our bank nifty tip and you will be always ending with the profit as we trade less but trade accurately.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
