Indian indices Nifty and Bank Nifty ended in green and today started with gap up.
The shorts were covered at 5265and103000 levels. Bank Nifty which has been relatively bullish moved up a lot.
Now the question is should we go long.
Well there are no signs of going long untill we hold today's gap. The upside has resistance which are quite near.
The color of Bank Nifty is in Neutral from y'day on daily timeframe so that is the most bullish bet as of now.
The shorts were covered at 5265and103000 levels. Bank Nifty which has been relatively bullish moved up a lot.
Now the question is should we go long.
Well there are no signs of going long untill we hold today's gap. The upside has resistance which are quite near.
The color of Bank Nifty is in Neutral from y'day on daily timeframe so that is the most bullish bet as of now.
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