Just as mentioned in MY YESTERDAYS Post
As mentioned yesterday, though BNF opened higher, due to profit booking, it came down to 23473.
Then as mentioned, with AGR verdict, it has taken a Knee jerk reaction and moved up to 24115.
SC is yet to offer its verdict on extension of moratorium which would trigger the movement on either sides. Hence, Its still a wait and watch zone.
Only if BNF sustains above 24040 for 15-30 min, we can go for longs. If it stays below 23500 for 15 min, one can go short towards 23200 and 23000 a very crucial support level.
Then as mentioned, with AGR verdict, it has taken a Knee jerk reaction and moved up to 24115.
SC is yet to offer its verdict on extension of moratorium which would trigger the movement on either sides. Hence, Its still a wait and watch zone.
Only if BNF sustains above 24040 for 15-30 min, we can go for longs. If it stays below 23500 for 15 min, one can go short towards 23200 and 23000 a very crucial support level.
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