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Published on 13/01/2021 12:53:44 PM | Source: Swastika Investmart Ltd

Nifty is continuing its strong bullish momentum where 14640 is the next resistance level - Swastika Investmart

Posted in Market Outlook| #Market Outlook #Swastika Investmart Ltd

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Technical Outlook:

Nifty (Spot):

Nifty is continuing its strong bullish momentum where 14640 is the next resistance level while 14900 will be the major resistance. On the downside, 14500-14475 will be the immediate demand zone while 14250 will be the critical support level. Traders are advised to respect the screen and trade accordingly where sector and stock specific movement will be continued.

Banknifty (Spot):

Banknifty witnessed a smart pullback from its 9-DMA after a minor pullback and now it is approaching its all-time high of 32613 after then 33000 will be the next psychological hurdle. On the downside, 32300 is immediate support while 32000-31800 will be the critical support zone.

 

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