IGI Logo

Technical Outlook:

Nifty (Spot):

Nifty is consolidating after a decent big rally but there are no signs of weakness and buy-on dip texture is still intact where 17300/17225 are immediate support levels. On the upside, 17400-17450 is an immediate supply zone; above this, we can expect a rally towards the 17520 level.

Banknifty (Spot):

Banknifty is also consolidating with some underperformance but it is trading nearcritical demand zone of 36250-36000 where we can expect any bounceback. On the upside, 36700 is an immediate hurdle; above this 37000-37200 will be the next resistance zone while on the downside if it slips below 36000 level then 35500 will be the next support level.

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