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Nifty Technical Outlook

Nifty (CMP: 17080)

Nifty immediate support at 16950 then 16850 zones while resistance at 17171 then 17250 zones. Now, it has to hold above 17071 for an up move towards 17171 and 17250 zones whereas on the downside supports are placed at 16950 and 16850 zones.

Bank Nifty Technical Outlook

BankNifty (CMP: 39910)

Bank Nifty support at 39600 then 39400 zones while resistance at 40250 then 40500 zones. Now it has to hold above 39750 zones for a bounce towards 40250 then 40500 zones while on the downside support shift higher at 39600 then 39400 levels

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