Bank Nifty & Nifty Trading Strategy for 28 June’13

Nifty as on 27 June’13– 5682.35 (+93.65)    Bank Nifty as on 27 June’13– 11235.75 (+169.20)

Finally expiry is over, and Bulls will be happy, that finally we made it.

Nifty Trading Strategy

Nifty closed at 5680, it seems that follow through buying can happen today, but be strict with trade, keep stop loss of 5630 and go long in Nifty, if everything goes right then Nifty has potential go up to 5815.

Bank Nifty Trading Strategy

Bank Nifty, price action is not clear, and don’t see any clear trade opportunity, it is better to wait for right signal.

Nifty and Bank Nifty both are not in sync, which also means that still market is moving under indecision, so stay alert and cautious.

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