Nifty and BNF were in consolidation mode from the morning session. As explained BNF was weak and was in negative. DIIs were selling and FII s were buying. By the end of the day bulls took full control of the markets and nifty zoomed to close around 18750 levels. Shorters were caught wrong footed. Now that markets have zoomed, Nifty may test 18850 levels and BNF 43500 levels. BNF is in a flag mode and can zoom anytime. Oil index has formed bullish engulf pattern and related stocks can move up. Tomorrow being weekly expiry as usual volatility will be high. Trade very carefully. Have a good trading day. Happy Swing trading
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