Nifty traded range bound following the fall in Bank Nifty after the RBI policy announcement but later in the day was propped up by movement in index heavy weight stocks like RIL/LT/Infy to go past 5200 on spot prices and close at 5192. VWAP at close is 5136.
1) Tomorrow is muhurat trading session in the evening for under an hour and Nifty will be trading above all short term and medium term averages (34-EMA/50 EMA/55 EMA) and the level of 5215 and above will be of interest for those going long for target of 5260-5330.
2) Below 5195, Nifty should find support at 5135.
3) Market reopens after the holidays on Friday (28th) and then followed by the weekend on Monday October 31st. Wish you all a very happy and prosperous Diwali! Good Luck! Happy weekend. Happy trading :)
Happy Diwali Sirjee :)
ReplyDeleteHi RM :
ReplyDeleteThanks and wish you a very happy Diwali :)
Vinod