Bank nifty is in much stronger position as compared to nifty and no problem for bulls till it does not close below 26800.Trend remains buy on dips
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Buy on dips trend is intact so far. Nifty found support exactly near Gann support 10550 and a good rally followed from there
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Any close below 26650 in Bank nifty will indicate some more corrections but trend will remain buy on dips
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Nifty found support exactly near to Gann support 10310 and a huge rally followed from there. So buy on dips advice was perfect
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Nifty was unable to close above 10900 even for a single day. So we witnessed good corrections from this level.
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Last week I clearly wrote that Nifty is out of bear grip and will eventually trade and close above 10780 resistance. Exactly the same happened
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Bank nifty was unable to close above 26320 even for a day.This proves the effectiveness of Gann levels. Closing above 26350 will indicate strength
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Now convincing close and trade above 10710 by Nifty will indicate STRENGTH. Trend will become buy on dips till 10440 is not broken on closing basis
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Nifty may remain sideways to downward if 10610 or 10700 levels are not broken convincingly
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No problem for Nifty till it remains above 9950-10000 zone and 10900 to 11150 is the super strong resistance zone
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