The overall trend today should be weak and in a downward movement. The markets may show some sort of recovery or uptrend after 1230 PM. Work with tight stop loss as the markets are still very fragile and volatile.
Buy Nifty Futures above 5041 for targets of 5056 , 5094, 5071, 5109 SL - 5023
In our last article we had asked you to see if BankNifty breaks the trendline within the next 3 trading session; and it has closed above our pre-required mark 9547 @ 9581 The index has generated a MACD buying signal - one of our favorite indicators.
BUY BANKNIFTY above 9604 for targets of 9623, 9648, 9672, 9697 SL 9579
Remember : the markets should go down during open and then recover - so please wait and watch
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Intraday Tips