Nifty Bank Index

Bank Nifty

This is just guess work. nobody can predict 100 percent.No clear trend or direction in market. observation is both bulls and bears have placed bets in the market. market trend will mostly decided by the external news and company results perhaps waiting for rbi repo news. overall market sentiment is bullish as you can see in chart to break 39000 will need high selling unless there is big negative news. possible high break up or down when there is change in trend. so for 2 or 3 days market is based upon results and news. general support at down range for today is 41300 and upper is 41550 which cans be seen in 15min chart. just keep watch if price is going above or lower. the above mentioned s&r is from chart being plotted for tomorrow because of sideway market. major s&r you can do yourself or look in others published. when i mention overall sentiment it means generally for a week not just for tomorrow market.

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