Performing on the same handles nifty just lift the prices little up compared to the previous week. Overall it was just a flat performance and it becomes difficult to judge the move of index in coming week. For the day it was a big downfall on Friday where nifty closed at 8843 down by 42 points. Expecting it to come till 8800 where on daily frame it’s a slow upside which can head to 8950 in coming week.
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.
Nifty Day Performance