Banknifty has slipped below its 50-DMA of 37160 where 200-DMA of 36500 is the next important support level - Swastika Investmart
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Technical Outlook:
Nifty (Spot):
Nifty is trading near its 200-DMA of 16800 after a brutal fall and if Nifty manages to hold this level then we can expect a bounceback where 17050-17100 will be the first resistance zone; above this, we can expect a short covering move towards 17320-17380 zone while if Nifty starts to trade below 17800 level then selling pressure may get further extension towards 16425/16000 levels.
Banknifty (Spot):
Banknifty has slipped below its 50-DMA of 37160 where 200-DMA of 36500 is the next important support level; below this, we can expect further weakness towards the 36000- 35500 zone. On the upside, 37250-37500 is an immediate resistance zone while 37750-38000 is the next resistance 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
Top News
A record share of S&P 500 stocks underperformed in 2023 in `weirdest bull market in decades`
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
