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Published on 23/02/2021 12:23:09 PM | Source: Swastika Investmart Ltd

Nifty where it would be important to check whether yesterday's breakdown is false or not - Swastika Investmart

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

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Technical Outlook:

Nifty where it would be important to check whether yesterday's breakdown is false or not. It is likely to see a sell-off after the initial gap up opening but if it manages to hold yesterday's low of 14635 then we can expect buying at lower levels while if it trades below 14635 then it is likely to head towards 14400-14280 band.

Banknifty (Spot): Banknifty also witnessed closing below the support of 35400 where 34900-34700 is the next support zone while 35500-35600 will be the immediate supply zone. If it manages to trade above the 35600 level then we can expect further strength towards the 36100-36250 zone.

 

 

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