Good Morning All :

Bank ADR's are very much positive & SGX Nifty + for Good Gap up Opening

RBI policy is there today so Good Volatility is expected.

Today's Nifty resistance at 17425 and 17565

Bank Nifty resistance at 37160 & 37529

Huge Call writing at 37000 CE stopping the move at the moment

Monetary Policy started since 6 December, even before that till yesterday, FII's have been selling, almost 80000 crores for last 75 days

Let's wait for good clear trend and Enter in good stocks

BNF EWA View

Nifty closing above 17665 today(weekly) is important

For Continuing in Uptrend

Positional Call Excel Industries can be added cmp 882 , Target is huge hold for long term.

How to trade Descending Trendline

chart is not in good shape but risk is less , 64 is SL

Fundamentals seems fine for the company, Positional buy can be done.

Levels for tomorrow

This is the view on BNF, above cmp are the lines r Resistance levels

Photo from Naga Rajan

Nifty levels for the week, until the Resistance and Descending Trendline not broken Nifty ll remain Bearish. Selling pressure ll be seen.

Photo from Naga Rajan