Nifty is continuing its strong bullish momentum where it is likely to open above 18200 mark - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty is continuing its strong bullish momentum where it is likely to open above 18200 mark that may lead to further rally towards 18300/18400 levels. On the downside, 18150-18100 area will act as an immediate demand zone while 18000 is a critical support level. Traders are advised to stay with momentum until market witnesses any signs of weakness where stock and sector specific opportunities will be available.
Banknifty (Spot):
Banknifty is also showing strength where it may move towards 39000 mark while 38500 is an immediate and strong support level ahead of expiry. If it starts to trade below 38500 level then we can expect any weakness where 38000 will be the next important support level.
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