Nifty looks Confident
Nifty is looking ultra bullish and Friday is only the IT sector day.BNF is still in consolidation mode. If BNF joined along with IT, then Nifty can touch 19700+.
Nifty consolidated more than 2 weeks in a range of 19300 to 19500. but it broke on the upside on Friday and closed at ATH. we can expect some more positive movement on the Nifty.
Reliance and HDFC Bank results are yet to decide the NIfty Direction.
The Nifty looks weak only if the daily candle closes below 19330 until it is bullish.
Nifty consolidated more than 2 weeks in a range of 19300 to 19500. but it broke on the upside on Friday and closed at ATH. we can expect some more positive movement on the Nifty.
Reliance and HDFC Bank results are yet to decide the NIfty Direction.
The Nifty looks weak only if the daily candle closes below 19330 until it is bullish.
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