Banknifty is trading near an important psychological support level of 35000 - Swastika Investmart
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/03/8bcbc5601b0022d9293656be4cb962b9.jpg)
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):
Market texture has become weak with sell on rise structure after Nifty slipped below its 200-DMA however Nifty is trying to find its feet in the 16400-16200 zone but the confidence of bulls will be back only above 17100 level while if Nifty slips below 16200 then 15900 will be the next important support level.
Banknifty (Spot):
Banknifty is trading near an important psychological support level of 35000 and if it manages to hold this level then we can expect some short covering towards the 36350-36750 zone while if it slips below 35000 level then 34000 will be the next important support level.
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
![](https://portfolio.investmentguruindia.com/uploads/news/IndiGo 01.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/DGFT.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget2024 07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/23 TATA Power.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/iphone26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/CMS Info Systems.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock28.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/c8a7e36aa6fb85680648ec9d1f78e91f.jpg)
Nifty has an immediate support placed at 16270 and on a decisive close below expect a fall t...
![Markets traded volatile and ended with a cut of nearly half a percent, taking a breather after the recent up move - Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/87c377560031a025c2949e4918d6a980.jpg)
![Nifty Open Interest Put Call ratio fell to 1.28 from 1.42 level - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/f764c8caf536f0b0174afdaf187300bd.jpg)
![The bears appear to be in control of the market given the clear breaking of both the August lows and the 20-week EMA - Tradebulls Securities Ltd](https://portfolio.investmentguruindia.com//uploads/news/Tradebull Securities.jpg)