Nifty respected its 200-DMA after a pullback from 100-DMA then witnessed a smart rally in today's trading session - Swastika Investmart
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Technical Outlook:
Nifty (Spot):
Nifty respected its 200-DMA after a pullback from 100-DMA then witnessed a smart rally in today's trading session. There is a high possibility of a breakout of 100-DMA which is currently placed at 17360 level; above this, we can expect a rally towards 17490/17800 levels. On the downside, 17000 has become near term base while 16800 is a critical support level
Bank nifty (Spot):
Banknifty respected its 20-DMA afier a pullback and respected a decent bounce however 36600-37000 is a critical supply zone; above this, we can expect a sharp short-covering rally towards 38000/39000 level. On the downside, 35500 has become near term base while 35000 is a critical support level.
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
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
