Banknifty is likely to sustain above 35000 levels that may lead short covering rally towards 35700 levels - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
There is risk on situation across the globe and SGX Nifty is suggesting a gap up opening above 17000 mark that may lead to further strength in Nifty towards 17150-17200 zone. 17000-16950 area will act as an immediate support zone after a gap up opening while 16900 will be the next important support level.
Banknifty (Spot):
Banknifty is likely to sustain above 35000 levels that may lead short covering rally towards 35700 levels. On the downside 35000 will act as an immediate support after a gap up opening while 34750 will be the next support level.
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