Nifty is trading volatile without any clear direction however SGX Nifty is suggesting a 100 points gap up opening - Swastika Investmart
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Technical Outlook:
Nifty (Spot):
Nifty is trading volatile without any clear direction however SGX Nifty is suggesting a 100 points gap up opening where 17375-17400 is an important resistance zone; above this, we can expect a short-covering rally towards 17500/17600 levels. On the downside, 17225-17175 is an immediate and important demand zone; below this, there is a risk of further selling pressure towards the 17000 level. Traders are advised to wait for the first 45 minutes to understand the market’s behavior post a gap up opening then trade accordingly.
Banknifty (Spot):
Banknifty is also trading sideways where 37000-37100 is an immediate resistance area; above this, it may head towards 37500/38000 levels. On the downside, 36500 is an immediate support level; below this, 36000-35800 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...
