IGI Logo

Technical Outlook:

Nifty (Spot):

Nifty is witnessing some signs of weakness after a vertical run where 18350-18300 is an immediate and important support zone; below this, it is vulnerable to fall towards 20-DMA which may coincide with the psychological level of 18000. On the upside 18450-18500 will act as an immediate supply zone while 18600 will remain a key hurdle. Aggressive traders can use the positive opening as a selling opportunity with a stop loss of the 18500 level.

Banknifty (Spot):

Banknifty is also facing resistance at the psychological hurdle of 40000 where 39300 is immediate support while 38800-38500 will be a critical support zone. On the upside, 39650-39750 will be an immediate resistance zone while 40000 will remain a key hurdle.

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