Technicals Daily Morning Report by Prabhudas Lilladher Pvt. Ltd
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NIFTY
Nifty has been hovering between a tight range for day with bias maintained positive and as said earlier, need to breach the 22500 zone decisively to indicate a fresh breakout for further upward move. At the same time the 22200 levels is acting as a strong support zone. The support for the day is seen at 22300 level while the resistance would be seen at 22500.
BANK NIFTY
Banknifty also has the overall sentiment and bias intact and need to breach the 47800 zone decisively for fresh further upside move with currently 47000 levels maintained as good support zone. Banknifty would have the daily range of 47000-48000 levels.
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