02 NOV 2022 2230 HRS 1. US and Europe has reached resistance and seems overstretched. we may see some consolidation here. Asian market looks strong. 2. SGX Nifty indicates 30 points uptick @18091. This amount to 100 points uptick in the bank nifty. 3. Reliance is bullish. HDFC twins have formed a bullish green candle. ICICI Bank is bearish. Axis Bank is consolidating. 4. The IT is bullish. Verdict 1. I remain bullish on nifty and bank nifty. 2. However it is better to trade individual stocks like HDFC twins and reliance than index.
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