Banknifty has slipped below the psychological level of 33000 however - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
On Friday's trading session, Nifty formed a Doji candlestick formation followed by a sharp sell-off therefore low of the Doji candle which is placed at the 15183 level will act as an immediate support level. On the upside, 15500/15700 is immediate and critical resistance levels.
Bank nifty :
Banknifty has slipped below the psychological level of 33000 however 32250- 32000 is an immediate and critical demand zone where we can expect a bounceback; below this, 31500 will be the next support level. On the upside, 33000 is an immediate hurdle then 33250- 33500 is the next supply zone.
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