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Swastika Investmart Ltd

Published on 22/01/2021 11:40:36 AM

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.

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Swastika Investmart Ltd

Published on 22/01/2021 11:40:24 AM

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.

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Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

Swastika Investmart Ltd

Published on 22/01/2021 9:07:06 AM

Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

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