Update on Nifty

Strength in Nifty is visible and a close below previous day is yet elusive for the current rally. Below 10700 some additional weakness may be seen.  Buy on dips as of now continues. Close to 10600 again strong buying likely to emerge if 10700 is broken.  Wait and watch continues till the overbought condition is neutralized.

Intraday 2-5-2018

Nifty Future (Bias - Positive) 


Weak Below / Strong Above 10809. 



Banknifty Future  (Bias - Negative)



Weak Below / Strong Above 25697