Nifty is still in a range of 15650-15900 where a decisive move above 15900 level - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty is still in a range of 15650-15900 where a decisive move above 15900 level can lead to a short-covering towards 16000/16200 levels. 15850-15800 will be the immediate and intraday demand zone while 15725 will be the next important support level.
Banknifty (Spot):
Banknifty is outperforming for the last few days but 35800 is an immediate and strong resistance level; above this, we can expect a rally towards the 36500 level. On the downside 35500 is immediate support while 35250-35000 is a major support zone.
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