Nifty is continuing its southward journey however 15670 is still acting as crucial support - Swastika Investmart
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Technical Outlook:
Nifty (Spot):Nifty is continuing its southward journey however 15670 is still acting as crucial support. The market is oversold therefore the possibility of any bounceback can't be ruled out but if the Nifty slips below the 15670 level then 15500-15450 will be the next support area. On the upside, 15900/16050 is immediate resistance levels.
Bank nifty :Banknifty also has a weak structure however 33000 is an immediate and psychological support level; below this, 32500/32000 are the next support levels. On the upside, 33750/34000 are immediate resistance levels.
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