Nifty It is still on mixed signal. Would not be taking fresh long position with high confidence. On the contrary if 22300 is decisively broken on the down side, would comfortably take short and hold on to it. Until the level is broken a smart trade would be a non-directional one. Upside resistance

Banknifty: Bullish only trades for this week. After a long time banknifty has turned bullish in our radar. 47700 should be a very good support to hold. Could potentially see BNF hitting fresh ATH for this week and continue its momentum for couple of weeks to follow. We will be focusing only on Bank

Nifty: Nifty's bias been changed into neutral until end of this month. On the upside we have a strong weekly resistance of 22526 and on the downside we have a strong monthly support of 21530. So any move until the end of this month I expect is within this range. As the range is only 1000 points we

Nifty Nifty our view remains the same for the past 3 weeks. Longs only until 21850 is breached on a weekly basis. Although new ATH has been formed and we expect it to go on the upside we should be cautious while trading as profit booking may occur at any point and will witness a little fall which m

Nifty Nifty is still on its bullish momentum. Previous week's low is a very good support to be watched out for. View maintains as usual with no shorts and only longs. If a closing above ATH is made can expect a momentum on upside again for the week. Bank Nifty Bank nifty with same view. Expect i

Nifty: Nifty clearing 22350 should turn bullish given there is a 1hr close above. We will not be focusing to trade Nifty as it is still mixed signal. Banknifty: Banknifty clearing 47900 should turn bullish given there is a 1hr bullish closure above that. Will be focusing to trade Banknifty as i

Nifty: Current week's Nifty bias according to the system designed is neutral. But we are near the resistance with good momentum on the upside. So defining upside resistance is difficult at the moment. Personally would be looking to sell 21700 puts and would be defending if required. Would be stayin

Nifty: Analysis is plain and simple. We are bullish on all time frames. So any sensible trade would be on the long sides as we have a strong weekly support at 22200. As we have been forming ATHs in the past 3 weeks there could be profit booking at any point and we might see a huge sell off as well.

Nifty Nifty same as last week. I personally prefer longs only. Once 22150 is reached, 21500 can be considered a strong structural support. Upon reaching if there is any change in character of Nifty will let you know in the futher updates for the week. Banknifty: Banknifty little caution is re

BNF Weekly Update: Short term bearish until we get a closing above 48300 on a weekly basis. But on an intra week play basis any bullish strategies would be good with 44800 being aggressive structure and 44400 being a strong structural support on 1h time frame. A good profitable strategy would be a s