MENU

Published on 22/07/2021 10:12:17 AM | Source: Swastika Investmart Ltd

Nifty took support at 50-DMA of 15570 after a vertical fall and SGX Nifty is suggesting a gap-up opening where 15775-15835 - Swastika Investmart

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

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Technical Outlook:

Nifty (Spot):

Nifty took support at 50-DMA of 15570 after a vertical fall and SGX Nifty is suggesting a gap-up opening where 15775-15835 will be the critical resistance area and above 15835, we can expect a move towards 15920 level while 15700-15680 area will act as an immediate support area after a gap up opening. Only a move below; 15680 may lead to an intraday weakness otherwise "Buy on dip" trend will continue.

 

Banknifty (Spot):

Banknifty is also trading near 100-DMA of 34235 while 34850-35075 will be the first resistance area while 35300-35400 is a critical resistance area. 34500 will act as immediate support after a gap-up opening.

 


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