Nifty is sitting at crucial support of 14281 after a meaningful correction - Swastika Investmart
Technical Outlook:
Nifty (Spot):
Nifty is sitting at crucial support of 14281 after a meaningful correction where we can expect a bounceback from here as the market is in oversold territory but there will resistances at higher levels where 14550-14600 will be the first resistance zone while 14750-14800 will be critical supply zone. We can expect a trend reversal only at a decisive move above 14800 while if Nifty slips below 14281 level then 14100-14000 will be the next support zone.
Banknifty (Spot):
Banknifty is underperforming but it manages to close above key support of 32750 which is a good sign and that may lead to a pullback towards the 34400-34500 zone while if it again slips below 32750 level then we can expect to see further selling pressure towards 32200-32000 zone.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.swastika.co.in/disclaimer
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
