Nifty manages to close above the psychological mark of 16500 which may lead to a move towards the 16650 level - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty manages to close above the psychological mark of 16500 which may lead to a move towards the 16650 level. On the downside, 16480-16450 will be the immediate demand zone whereas the 16380-16350 zone has become a critical support zone.
Banknifty (Spot):
Banknifty is still consolidating in the 35800-36200 zone while 36500 is the next critical hurdle; above this, we can expect a rally towards the 37200-37700 zone. On the downside, 35500 will be immediate support while 35200-35000 will be critical support zone.
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