IGI Logo

Technical Outlook:

Nifty (Spot):

Nifty is continuing its bullish move after bouncing back from 100-DMA but 14650- 14700 is an immediate supply zone; above this, we can expect further strength towards the next important resistance area of 14850-14900 while if Nifty faces difficulty to cross 14650-14700 resistance zone then we can expect some selling pressure. On the downside, 14475-14450 is an immediate support zone while 14300-14250 is a critical support zone.

Banknifty (Spot):

Banknifty is showing decent strength after many days of underperformance where 32300-32500 is an immediate resistance zone while 32725-33000 is a critical resistance zone. On the downside, 31700 will be immediate support whereas 31300-31000 is the next 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