With a close like yesterday, 2400 seems most inevitable for the NIFTY. This is the final reckoning between the bulls and bears in this run.
Beyond 2400 is going to be a very difficult call, as surely all round profit booking (which would be the most sensible thing in markets like this) should happen.
For today, the spurt may come early in the session to press out the bears further.
If not, 2377 gets broken again, and things may get jittery.
On the up, lies 2400 , but for the record, on tech levels, past 2394 the upper band is 2406.
Downside, if 2370 gets broken with velocity, 2360 is where support should come.
2370-2380 would be comfort zone.
Beyond 2400 is going to be a very difficult call, as surely all round profit booking (which would be the most sensible thing in markets like this) should happen.
For today, the spurt may come early in the session to press out the bears further.
If not, 2377 gets broken again, and things may get jittery.
On the up, lies 2400 , but for the record, on tech levels, past 2394 the upper band is 2406.
Downside, if 2370 gets broken with velocity, 2360 is where support should come.
2370-2380 would be comfort zone.