Good morning, friends!
I hope you're doing well. Let's see where market is heading...
#NIFTY50 after a good upside run is consolidating in a narrow range of 16700-16500 majorly because we had some important results over weekend and now waiting for Fed Results + GDP Outlook. Level wise, 16800 should be taken away for continuing upside run or 16480 should be broken on downside to witness further fall, else it'll continue in the range. Intraday Buy above 16650 or Sell belown 16575
Regarding #NIFTYBANK
Had a decent run as well. For me, it's currently in Buy in Dips mode. 36000 is a very good support. It's expected to consolidate in this range of 37000-36000 for a while and would need a strong push from #HDFCBANK to break 37000. #ICICIBANK results were in line but mair movement is already done there. Intraday Buy above 36850 and Sell below 36600.
Wishing you a successful day ahead!