Please see the above Nifty futures daily chart analysis. Immediate resistance is coming up at 8100. Next major resistance will coming around 8330. Technical target for Nifty after all these tussles is 8520. The first step will be to cross 8100 in a decisive way.
Bank Nifty has corrected 2000 points from 20,200 to 18,200 in the last 20 days from Nov 9 to Nov 29, 2016. All the eager longs have been killed and now Bank Nifty can either do an sharp upmove to 19,000 or a sharp down move 17,600. Traders should wait on the sidelines and watch. […]