Good morning, friends!
I hope you enjoyed your weekend to its fullest, and all geared up for an amazing start to August series. Let's see what market has to offer for today...
Achieved and closed above 200DMA which will now act as an important support. 16900 is both psychological and technical support upto which you can buy the fall, if it falls. We should be able to see 17400/17450 in this upmove as long as 16900 holds. For Intraday today, focus on buying above 17200 or selling below 17100. There are still some bears left so I don't think we'd have a big fall anytime soon. Let everyone become a Bull!
Range has now shifted to 37000-38000. Above 37600, we should be able to see 38000 soon. Intraday selling below 37400 only. PSU Banks may come into picture soon but if #NIFTYBANK has to cross 38000, my keen eyes are on #HDFCBANK.
All in all a good week for trading, especially for Bulls. Take maximum advantage. Wishing you a very profitable day ahead!