Today's Nifty move was amazing considering the circumstances we were in globally last night. It surprised the spectators through its resilience as it didn't fell in line with its peers in the opening trade. While all the major Index were down in U.S from 2.5-3%, Nifty's Gap Down opening of just some 30 odd points and that too got recovered without hiccups. Even Fiis were net seller overnight to the tune of 1458 crores. Nifty's closing trade too was full of action and thrill as positive news flow from the European Banks fueled rally and closing the trade above 5300 mark.
Now looking through Nifty Futures charts it is giving indications that 5360 is quite achievable and above 5360 volume will play important role.
ICICI Bank: ICICI Bank completed the first target of 840 today as mentioned in the earlier post. Only a closing below 840 will trigger further downward journey. Shorts for ICICI bank are closed as of now. Will see further when it gets weak.
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