The Banknifty today opened in mild gap up and touched a opening high of 10824 from its previous days closing and fell down to 10760 that was the days low.Today the banknifty and Nifty was traded in tunnel range and moved like a snail.
The banknifty Banknifty days low to high is only 105 points today. (L-10760,H -10865)Today we have done only 2- trade and made 24+35 points.
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Tomorrow we expect the banknifty will get into range of 10740-930 and a fall below 10632 can bring major selling in banknifty and can go down to 10300 level.
Market sentiments were badly hit by likely worries over fiscal deficit as BSE Sensex dropped 448 points & NIFTY by over 120 points in intraday trade, however a late recovery in last hour of trade help it trim losses & settle with a loss of 296 points & 92 points respectively.capitalstars
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