At the time of this post the Nifty is at 5870 levels and the BN at 11970.
The markets have opened strong in value and in range implying that the sentiment has not changed much for yesterday which was a bullish day.
We have gone on to meet our IB projected target of 5873 and it remains to be seen how the market reacts from there.
Either we will continue strongly upwards towards 5894 or come back to 5842 levels.
In view of the RBI anouncement tomorrow, the Banks are very sluggish today and the Bank Nifty is the weaker of the two indices.
The Nifty is being propped up by the likes of Reliance and ONGC today. That’s a change!