Nifty is likely to open above the key hurdle of 16400 which may lead to a further shortcovering rally towards 16670/16900 levels - Swastika Investmart
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Technical Outlook:
Nifty (Spot): Nifty is likely to open above the key hurdle of 16400 which may lead to a further shortcovering rally towards 16670/16900 levels. On the downside, 20-DMA which is currently placed at the 16277 level will act as an immediate support level while 16000 is a critical base now.
Bank nifty (Spot): Banknifty is outperforming however 35750-36000 is a critical resistance zone; above this, we can expect a short covering rally towards 36500/36800 levels. On the downside, 35500 is an immediate support level while 35000-34800 is a critical demand zone.
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
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
