IGI Logo

Technical Outlook:

Nifty (Spot):

Nifty witnessed a sharp fall from the resistance of 14750 but it manages to close above its 9-DMA of 14520 where if it slips below 14500 level then we can expect some more downside towards 14430-14400 zone while if it manages to hold 9-DMA then we can expect a recovery where 14700 will be an important resistance level.

Banknifty (Spot):

Banknifty also witnessed sharp correction after hitting a fresh all-time high where 32000-31800 is the first important demand zone; below this, we can expect more weakness towards 31500 which is a critical support level. On the upside, 32500 will be the first resistance; above this, we can expect further strength towards 32800/33000 levels.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.swastika.co.in/disclaimer

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer