Nifty has given a breakout of 15900 resistance on closing which may lead to a move towards the 16200 level - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty has given a breakout of 15900 resistance on closing which may lead to a move towards the 16200 level where 16000 will be immediate psychological level. On the downside, 15915-15870 will act as an immediate demand zone while 15790-15745 will be the next support area.
Banknifty (Spot):
Banknifty has also given a breakout of 35800 resistance level and it may head towards 36500 level where 36000 is an immediate psychological hurdle. On the downside, 35800- 35700 will be the immediate demand zone while 35500-353500 will be the next support area.
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