IGI Logo

Technical Outlook:

Nifty (Spot):

Nifty is near important trendline resistance of 17700 where we can expect some profit booking however there are no major signs of weakness. If Nifty breaks yesterday's low of 17623 then it may fill yesterday's gap created at 17735; below this, we can expect any major profit booking. On the upside, If Nifty manages to take out the 17720 level then Nifty is likely to head towards the 18000 level.

Bank nifty :

Banknifty is outperforming and trading near the pyschological level of 39000 where 39200/39400 are immediate hurdles. On the downside, 38800 is an immediate support level; below this, 38400-38300 is the next support level

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