Nifty traded flat for the day where on chart we found a Doji candle. Prices are still heating in band of 8780 to 8840 which seems difficult to get a break a little correction in the index prices is expected to come in coming trading session. Where we can see prices moving to 8785 handle and from that level we can see some fresh buying, which could be an effect of the buyer’s confidence in stock market.
Bank Nifty gave a neutral move for the day. It seems to be in a tight range where prices are bounded in bracket of 19900 to 20055. We expect a big move in coming days as a result of this long consolidation. Where prices can lift up for the handle of 20200 and 20500. For the day we got Doji candle on chart which can result a green candle in tomorrow’s trading session.