Nifty is facing resistance at a critical level of 10000 after a stellar upmove because 10000 is a psychological level as well as 50% retracement of the entire fall from 12430 to 7511. If Nifty manages to cross this level then we can expect a further rally in the market towards 10350/10600 levels while if Nifty fails to cross this level then there is a risk of sell-off from here where 9600-9500 will be immediate support zone and 9200 will be a major support.
Banknifty also has a strong hurdle at 20300 level and if it manages to cross this level then we can expect a further rally towards 21500-22000 zone while if it fails to sustain here then there is a risk of sell-off towards 18700 level where 19400-19200 will be immediate support zone.
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