Update on Nifty and Banknifty Spot

Summarily Nifty has to retrace 10033 within 12/15 days and Banknifty has to retrace 24617 within 12/15 days and both Indexes may have to be watched together. So, if about 25701 (25923 - safer) and 10600(10667 - preferably) if not taken out comfortably the danger of the above retracement will remain. Lower side closer to 10425 for Nifty and closer to 25000 for Banknifty are big supports. The correction if happens will be quiet deep in case the level gets broken quickly. So, within 6th to 9th March, 2018 we remain prone to deep downsides. Till then only intraday trades, positional trades are risky for gap-up and gap-down situation. Enjoy the buy on dips and sell on rallies unless things gets directional !