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 might get some fantastic trade opportunities to capture with neutral bias based on the given range.

Banknifty:

As said last week once we reached near 48300 we started to see markets get sold into and was bearish the entire week. As of now our view on banknifty is bearish and until 46711 is breached on the upside we expect our view to be bearish. Once it is breached our view can be neutral. There are lots of fantastic trade opportunities on both Nifty and Banknifty. Patience is the key.

~PR