GoodMorning
On Friday we had an all time high close on Index and fresh all time high 20222 on Nifty. Gift nifty indicates a gap down open of 50 60 points tracking global markets. Nearest support on Nifty placed at 19800 19850 levels and no major shorts till below this region. Nifty Index remains a buy on dips for Final target 20400 20500.
Banknifty also saw buying in Friday session and although still 300 Points off all time high banks looks strong especially Psu Banks central boi union. These all are good to add on 5 10% dips. Banknifty Resistance 46370 and support 45500.
We have A truncated Week due to Ganesh Chaturthi holiday tomorrow hence Fin and mid nifty expiry today. Also Wednesday Fed outcome need to be tracked.