Bank nifty future I repeatedly, talked about the importance of 9684 that we need few closes above for any up move to test the levels of 9954. I also suggested 'Caution' below 9684-9656 selling would emerge till 9482.
Just Verify, Bank nifty Opened at 9685 the High was placed at 9685 and then it was a fall which got arrested near the precise support level mentioned at 9482; it made a low of 9481.50.
We initiated a short on bank nifty the moment it broke the support of 9656.
Yesterday enjoyed in nifty and today I hope all my valuable subscribers enjoyed the fall in Bank Nifty futures till 9490 levels pocketing nearly 160 points.
Nifty futures clearly suggested if remains above 5080 in the morning, only then an up move can be seen. It opened below the major supports which was 5055 and failed to hold even 5035 levels. A Sell call could have been initiated below 5035 but we strictly advised to stay away from trading nifty as it was playing in a very tight zone between 5000- 5035 levels.
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