Nifty future may trade between 11820 and 11948.
Yesterday Nifty future failed to break the resistance around 11920 but closed very near to highest point.
SGX nifty indicates gap up opening.
Above 11948 ...12050 may possible.
Below 11820 ...11700-11660 may possible.
As expected HDFCbank did well.
Reliance was the only dragger in the market.
If there is any short covering in Reliance, Nifty can touch 12K.
So keep an eye on Reliance.
One can quick scalp of shorting around 11950 for the tgt of 11870-11860 sl 11986 in the opening.
Bnf may drag Nf lower.
Yesterday Nifty future failed to break the resistance around 11920 but closed very near to highest point.
SGX nifty indicates gap up opening.
Above 11948 ...12050 may possible.
Below 11820 ...11700-11660 may possible.
As expected HDFCbank did well.
Reliance was the only dragger in the market.
If there is any short covering in Reliance, Nifty can touch 12K.
So keep an eye on Reliance.
One can quick scalp of shorting around 11950 for the tgt of 11870-11860 sl 11986 in the opening.
Bnf may drag Nf lower.
Note
If Us stimulus package would come all view will be changed.And then nf above 12100 may be possible.Lets see the news was correct or not.Note
Sl 11920Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.