Last week, Nifty did break out of mentioned range on upper side and gave 50 points. Banknifty did not break 23000 or 22500. No trade. What next?
Nifty did break out of range on upper side and as mentioned trade should have been closed on next day. Trade did give atleast 50 points, good enough for a week. Banknifty break out on upper side gave 200 points without much hesitation. All in all a good week. What next?
From the possible trades mentioned last week, 1st trade did materialize. It did not reach target and practically it may not have been possible to trade or take full advantage of movement.
As mentioned last week, both nifty and banknifty gave expected movement of 100 and 300 points respectively.
Nifty continue to play hide and seek. It is respecting the shooting star that it made in week ending 7th April and is making lower high, lower low for 2 weeks now. However pace is very slow, it fell only 31 points from last week.