2) Nifty opened with gap up of 144 points.
3) Bank Nifty opened with gap up of 434 points.
4) Had suggested in last blog, about BANK NIFTY.
5) PSU BANK index weekly opened with gap up of 26 points.
6) SBI has given a breakout of April month high 371 level
7) As suggested in last blog, about AUTO & IT sectors are good for intraday trades.
8) AUTO SECTOR might be last leg rally on upside this week, AUTO numbers yet to come?
9) PHARMA SECTOR is @ correction in upcoming days.
10) FMCG SECTOR will also be in corrections.
11) Huge volatility seen in Market today.
12) some profit booking was seen in last hour sessions.
13) NIFTY respected 15044 level, is still holding above.
14) BANK NIFTY respected 33700 level, is still holding above.
15) Tommorrow May 19th will be volatility day, which is a day before expiry.
16) NIFTY bulls will only heal closing below 15044.
17) The same scenario in BANK NIFTY bearishness will be seen only closing below 33700.
18) Market still looks bullish.
19) Must wait & watch EXPIRY day play..
20) Banks are in overbought zone.
21) AUTO STOCKS are also in over bought zone.
-REGARDS-
Kirthee Bane
