NIFTYBANK: Above Water, below Dar Clouds!

The best does the move in leading the worst, that tells the story or sums up the story. While optically, we are near where we should not have been in the first place.

The rise past 49200. a classical trap to the bulls than to the bears the trap of 48350 break. Thus, the bulls will be hoping to hold that base, previously the top.

With Global Cues, weak, fast faded RBI Dividend story, we all know, come past the elections, prices will move higher, US dollar higher, US yields unfortunately higher than one could have wished for.

A close today below 48200 warns deeper move down, (hopefully month end expiry can hold), despite the expiry yesterday, this one fell near the lows.

Europe inflation flat, our Money Supply numbers not much of iteration, US Richmond Manufacturing rise, the chorus of no rate cut gets louder, and the whispers of rate hike mount!

US GDP later in the day, and we have our own EXIT Polls in the week-end and bigger event ahead.

Mangeble size is always less stressed aspect, and this time is no different. Choose what fits your style.

Supports 48450-48350-48250
Supply 48780-48980-49150