IGI Logo

Technical Outlook:

Nifty (Spot):

The market is trading volatile where Nifty has witnessed a smart recovery for 14350 level after a meaningful correction but SO-DMA of 14750 is an immediate hurdle while 20-DMA of 14900 will be a crucial hurdle and if Nifty manages to trade above 14900 level! then we can expect a strong rally towards 15250 level. If Nifty faces resistance at the 14750 level then 14630 will be an immediate and strong support level while 14500-14450 will be the next support zone.

Banknifty (Spot):

Banknifty also witnessed strong pullback from the 33300 level but 50-DMA of 34320 is an immediate hurdle; above this, 35000-35200 will be the next supply zone. If Banknifty faces resistance around 34320 level then 33750 will be the immediate support level while 33250- 32750 will be the key support area.

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