Market Trend Lab

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...

Nifty spot is range bound with the hurdle near 7100 and support near 6850..  breaking of either side will give the clear trend.. till than one may trade with levels... Banknifty spot is having minor resistance nesar 13970--14000 above this it can move to 14580 and down side has support near 13450