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Give us a sense of what we can expect heading into next week in terms of the levels that we can see on Nifty and Nifty Bank because on an intraday basis, it has happened that we have hit a low, then we have seen some sort of recovery, the second we get happy and we start talking about it on air we have seen another reversal of the reversal coming in. So, tell us what we can expect heading into next week.
Laxmikant Shukla: So, rightly pointed out by you that the market sentiment, what even we have observed over the past few sessions has been a mixed bag. While there were brief moments of positivity, the overall trend has shifted on the lower side.
Even whatever rally we have got, that being met with a sell-off. Even if we look at the instance of the last two days, we tested the January low with some buying interest; however, this subsequent rise, we witnessed this subsequent rise quickly dissipated and indicating a lack of sustained momentum.
But on the lower side, the levels of 22,800 could act as the support areas for the Nifty and even in today's session, we have seen a sharp recovery which is coming around 100 to 130 points.
So, we are expecting that the market will retain these levels and we could expect some more pullback moves. So, if Nifty able to hold the levels of 22,780 to 22,800, then it is going to form triple bottom pattern on the daily chart, so which is suggesting a trend reversal and we can get the confirmation of this triple bottom if it surpasses the levels of 23,400 levels which could
