In daily chart nifty spot has already made 3 gap up openings and today if opens gap up than it will be 4th gap up... as per gap up strategy trend gets exhausted or tired after 3 to 4 gap ups... small consolidation is much needed at this point of time for strong uptrend ahead...
Nifty spot closed at 7475 yesterday...now support near 7380--7350 and hurdle near 7540--7640.
Banknifty closed near 15177... It has minor hurdle near 15220 above which it will rally towards 15560---15800...
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