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Technical Outlook:

Nifty (Spot):

Nifty has crossed ther critical rsisance zone of 17800 inthe Ins session however today global cues ae not supportive. Bu if it manages the 17800 level den we can expect a shor ‘covering milly towards 18200 18400 in the coming days while 19000 wil antenatal On ‘he downside, 17250 will act as 2 suppart level; below tis, we cm expect weakness towards _7o90.16900.

Banknifty (Spot):

Banknity bas a very song stucnue as it manages to close above 39000 ‘esse level where 40000 isan immediate target level wile $1000 isthe next resistance. Oa ‘he downside, 38900-38500 wil act san samadite demand zone while 36000 i amor support, lest

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