Banknifty is also facing some resistance around the 38500 level while 37800- 37500 is an immediate demand zone - Swastika Investmart
Technical Outlook:
Nifty (Spot):
Nifty is facing resistance in the 17450-17500 zone after a strong pullback from 200- DMA however overall structure is still 'buy on dip’ where if Nifty manages to cross 17500 level then 100-DMA of 17630 will be the next hurdle. On the downside, 17300-17250 is an immediate demand zone while 17100 is the next important support level.
Banknifty (Spot):
Banknifty is also facing some resistance around the 38500 level while 37800- 37500 is an immediate demand zone. If it manages to cross the 38500 level then we can expect a rally towards the 39000-39500 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
