Nifty and Bank nifty was trading in a range in the Monday's session. Tuesday's session tend to have a sideways starting and limited bullish momentum. The market structure is short term bullish due to golden cross over of 200 MA and 50 MA(moving average). Hence, if NIFTY move beyong 17806, the next target should be at 17876. SImilarly if BANK NIFTY ride beyond 41752 then an upside uptill 42000 seems achievable. However, on the down-side, on breaking previous day low, the indices could slide uptill 40600 in NIFTY BANK and 17690 and 17585 in NIFTY.

Take a neutral stance looking at the global markets and Adani Crises.

Happy trading!