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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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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SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732
Published on 22/01/2021 9:07:06 AM
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SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732
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