Nifty hits a fresh all-time high of 15469 which will be an important level - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty hits a fresh all-time high of 15469 which will be an important level for the Nifty as high and low on the first day of the new series act as a support and resistance. If Nifty manages to sustain above this level then we can expect further strength where 14600 will be the immediate target while if Nifty fails to sustain above this level then we can expect some weakness where 15330-15300 will be the immediate support zone.
Banknifty (Spot):
Banknifty is also in bullish momentum but 35500 is acting as an immediate hurdle; above this, we can expect a rally towards the 36500 level. On the downside, 34900 is the immediate support, below this, we can expect some weakness towards the 34300 level.
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