Indicating now, finally, longs are getting unwind and shorts are building
It is indicating 12,350 as its immediate support
Resistance in bank nifty 50,850
24,400, but now it will act as a resistance
Nifty opening 182p gap down
If taken yesterday strategy continue it
Reliance is holding mkt from falling
Today mkt is falling silently
It’s a good sell below 51,700
Below 24,400 nifty is indicating targets of 24,300 & 24,200
Several times, it has bounced back from this particular level
https://www.youtube.com/post/Ugkx2cgNuRFW2EeZbdf4yZjXsQwYjVe_1VVM
Yet market is rising
SpiceJet is raising 3000 crore to run the business normally
Might be just an intraday affair
In last 23 days, we have seen profit booking due to which long short ratio stands at 69%
Will you look at MidCap nifty?
24,200 immediate support for nifty
Support levels for nifty
https://youtu.be/bJJCHSc8-v0
Can book intraday position
Volatility is also low
Can book profit if taken put
Looking at bank nifty
Any fall below 24,400 will be a good sell opportunity
Nifty is trading around rates, important support 24,400
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Nifty is trying to regain 24,500
Let the market set down, looking at the over conditions might see some consolidation to profit booking
Don’t take any fresh position for now