Another Flat week or a breakout is coming in Indexes ?

Nifty and Bank nifty have been trading in the range for last whole week. It was due for a sideways movement after a massive movement in the Election result week.

Nifty above 23550 level will open for a new zone and head towards 23900-24200-24800, down side is majorly capped as of now till 23200-23000 level.

Bank nifty above 50500 will open doors for 51200-51800, down side again has a good support at 49600 level.

Trend is mixed but having a minor downside trend.