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Nifty is witnessing correction from 16800 level - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty is witnessing correction from 16800 level and given closing below 16500 levels in the last trading session however 16200-16300 are the immediate and strong support levels where we can expect fresh buying. On the upside, 16650 is a critical resistance area.
Bank nifty :
Banknifty is also witnessing profit booking from 37000 level however 36300 is an immediate support level then 36000 is the next important support level. On the upside, 36800 will act as an immediate and strong hurdle.
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