Nifty is behaving strong and holding the level of 19425.
19400-19425 now will work as a very important suppport in Nifty, Positionally.
Tomorrow will be finnifty expiry, market is expected to show a trending move.
If Nifty holds the level of 19500 then we can see a good Bullish move till 19560,19600 & 19670.
In case in Nifty opens gap up around 19600 I would avoid buying there because it could be risky to go for a bullish move at this level immediately.
Would prefer selling below 19480 for the targets of 19425-19400 zone.
Banknifty looks good for buying above 44600 for the targets of 44700-44800 & 45000.
Avoid selling in banknifty because if you see from past few days Banknifty is not giving a clear direction and the levels from which banknifty is giving a reversal is very confusing and not logical. Its good for scalping but don't plan for a trending fall unless it breaks 44160, as this level will play as a important support in Bank nifty.
- RUTUJA SHINDE, PUNE.
(The above information is for educational purpose only)
