Nifty is suggesting a gap up opening where 15775 will act as an immediate resistance; above this, we can expect a move towards the 15900 level - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty is still stuck in the range of 15650-15900 and SGX Nifty is suggesting a gap up opening where 15775 will act as an immediate resistance; above this, we can expect a move towards the 15900 level. On the downside, 15700 will act as immediate support after a gap-up opening.
Banknifty (Spot):
Banknifty is outperforming and it manages to close above 20-DMA where 35350- 35500 is an immediate resistance zone while 35800 is a critical hurdle. On the downside, 35200- 35000 will act as an immediate support zone after a gap-up opening.
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