Nifty is in bullish momentum where 9500-9600 is an immediate and strong resistance zone, above this, 9860-9890 will be the next resistance area. In the downside 9430 is immediate support; below this, we can expect some more weakness towards 20-DMA of 9225 while 9175-9050 will be a major support zone in the downside.
Banknifty has an immediate hurdle at 50-DMA which is placed at the 19500 level; above this, we can expect further upside towards 20000 level. In the downside, 18900 is the immediate support, below this, it may slip towards 18400-18200 levels.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer