IGI Logo

Technical Outlook:

Nifty (Spot):

Nifty is continuing its bullish momentum but momentum has slowed down where 15800 is an immediate hurdle; above this, we can expect a move towards the 15950-16000 zone. On the downside, 15700 is immediate support while 15600 is the next important support level. Traders are advised to remain with the trend until the market witnesses any sign of reversal where sector and stock-specific opportunities will be there.

Banknifty (Spot):

Banknifty is underperforming where 34900 is an immediate support level while 34500-34250 is a critical demand zone. 35500 is an immediate hurdle; above this, we can expect a short-covering rally towards 36000/36500 levels.

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