Nifty and Bank Nifty 90 min charts are in sell mode on the 90 min charts with cloud resistance coming around 4898 and 9485 respectively. Reverse your positions to longs if 4898 and 9485 breaks above on the 90 min charts.
Related Readings and Observations
Nifty Futures and Bank Nifty Futures October 2016 Outlook The RBI cut benchmark rates by 25 basis points (bps) on 4 October, bringing down the repo rate from 6.5% to 6.25% since then there is a significant underperformance in banknifty futures as […]- BRExit and Stock Market Crash Nifty and Bank Nifty sentiment turned negative on the EOD charts on the event of BRExit poll announcement. And the global markets also strongly reacted for the BRExit poll outcome. USDINR […]
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