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Nifty rallied from 15514 to 16348. Now likely to take a pause.

 Nifty rallied nearly 830 points non-stop in 7 trading sessions.

Short term point of view, markets likely to take pause and can retrace to anywhere between 16150-15950.

Short traders can book at least partial profits and wait for dip to re enter at lower levels.

Banknifty too rallied from 34140 to 36220 , nearly 2000 points in 7 trading sessions.

Banknifty can retrace anywhere between 35400-35000 zone.

New traders can wait for a dip and initiate long positions at above said retracement zones.

Regards,

Suryadev Bandari

Research Analyst

www.earningwave.com


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