Last week I estimated ranged between 34,900–31,300 and 16,425–15,100 on the Bank Nifty and Nifty respectively. Both indices traded within these parameters in spite of the high volatility. This week I estimate ranges between 36,050–32,500 and 16,900–15,625 on the Bank Nifty and Nifty respectively. Trade light and maintain stop losses diligently. If the volatility spikes these levels may be violated in either direction.
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