Nifty and Bank nifty will see some consolidation around this week. Fed meeting out come on Wednesday night will have impact on Thursday trade. Even an expected rise of 0.25 (2% from 1.75%) will have only a small gap down impact, end the day it will get filled.
Below 10500 in Nifty , will alter the chart and makes us to change the medium term view in nifty, till that time we can expect some sector rotation in nifty.
SBI looks good in monthly chart, and HDFC bank chart looks to give good support to bank nifty.
Dips near/below previous low will be the area to look for buying opportunity for the next few days.
Let see
ZT
Below 10500 in Nifty , will alter the chart and makes us to change the medium term view in nifty, till that time we can expect some sector rotation in nifty.
SBI looks good in monthly chart, and HDFC bank chart looks to give good support to bank nifty.
Dips near/below previous low will be the area to look for buying opportunity for the next few days.
Let see
ZT
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