Banknifty is underperforming where 100-DMA of 33200 is an immediate hurdle - Swastika Investmart
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Technical Outlook:
Nifty (Spot):
Nifty is respecting 100-DMA and it is likely to open above 50-DMA of 14733 which may lead to further strength towards 14880/15000 levels. 14700 will act as an immediate support level while 14600/14500 will be the next support levels.
Banknifty (Spot):
Banknifty is underperforming where 100-DMA of 33200 is an immediate hurdle; above this, we can expect short covering rally towards 50-DMA of 33750. On the downside 32800 is an immediate support level while 32400/32000 will be the next support levels.
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
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
More News
Quote on Nifty : The bears remain at the helm as Nifty slips back into the falling channel S...
