Trend is weak however 16400-16300 area may act as a strong support zone - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Trend is weak however 16400-16300 area may act as a strong support zone. Only aggressive traders can take positional long with stop loss of 16250 for the target of 17250.16900- 17000 will act as an immediate resistance zone.v
Banknifty (Spot):
34000 is a strong support where we can expect a bounce back while 33000-32500 area will be the next support area if weakness continues. 35700-36000 area will act as an immediate resistance zone at any pullback rally.
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