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Technical Outlook:

Nifty (Spot):

Nifty is continuing its bullish momentum where 15336 is an immediate hurdle; above this, Nifty is likely to head towards its previous all-time high of 15431. On the downside, 15270 will be immediate intraday support whereas 15200-15170 will be a strong support zone at any dip ahead of expiry. Intraday traders are advised to keep eye on the 15300 mark where if Nifty manages to sustain above this then we can expect a good expiry.

Banknifty (Spot):

Banknifty is consolidating for the last three days but the overall texture is bullish till it trades above 34250 level where 35000 is an immediate and key resistance for it; above this, we can expect a sharp short-covering rally towards 35500/36500 levels while if it slips below 34250 level then 33500 will be the next key support level.

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