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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