Though the Nifty futures has crossed the intra day trend changer level of 6257 and the positional trend changer level at 6267 and the bank nifty too has crossed the trend changer level at 10754, it does not seem very convinced nor too happy to go above.There is still hesitation, and this is very true with bank nifty futures which keeps crossing and hovering much below.
The market is waiting for some good news, it could be in the form of the export data to be released at 12.30 pm. and the balance of trade too where it stand this month.If it is good then we could see a convincing rally upwards, hence be very wary of this market it can go either way.
The market is waiting for some good news, it could be in the form of the export data to be released at 12.30 pm. and the balance of trade too where it stand this month.If it is good then we could see a convincing rally upwards, hence be very wary of this market it can go either way.