Nifty is facing resistance at the 15900 level after a decent pullback where if it manages to take out the 15900 level - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty is facing resistance at the 15900 level after a decent pullback where if it manages to take out the 15900 level then we can expect a rally towards the 16200 level. On the downside, 15700 is an immediate support level and till then the view will remain bullish; below this, we can expect a selling pressure towards the 15500-15350 zone.
Bank nifty :
Banknifty is facing resistance at 20-DMA while 33600 is immediate support then 33300-33000 will be the next support area. On the upside, if it manages to take the 34000 level decisively then we can expect a short-covering rally towards the 34500 level.
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