IGI Logo

Technical Outlook:

Nifty (Spot):

Nifty manages to close above 16350 resistance level and if it manages to hold this level then we can expect bullish momentum to continue towards 16500/16600 levels. On the downside, 16300 will act as an immediate intraday support while 16200-16170 is the critical support area. Traders are advised to remain with a bullish trend with the ‘buy on dip or consolidation’ approach.

Banknifty (Spot):

Banknifty is consolidating near the 36000 mark but it may see a catch-up move where 36500 is a critical hurdle; above this 37200-37700 will be the next resistance zone. On the downside, 35500 is immediate support while 35200-35000 is a strong 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