IGI Logo

Technical Outlook:

Nifty (Spot):

Nifty is witnessing a correction from 15900 level where 15700-15680 is an immediate support area and if Nifty slips below this zone then we can expect further selling pressure towards the 15600-15550 zone while if Nifty manages to hold 15700-15680 support zone after a gap down opening then we can expect a bounceback where 15770-15800 will be the first resistance zone.

Banknifty (Spot):

Banknifty is likely to open below 20-DMA where 34720-34650 will be the first support area while 34400-34150 will be the next support zone. On the upside, 35000-35100 will be the immediate resistance zone after a gap down opening while 35300-35400 will be the next resistance area.

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