The Index needs to clear the 6091 if we are to see an upward movement if were are to see 6120 or more....if it comes down to 6050 we see a general break down......
- Most critical level for the day: 6091, it will act as a pivot level for the index today
- Strong resistance: 6120 – 6129
- Major resistance: 6150 – 6191
- Immediate support: 6056 – 6043
- Major support: 6030 – 5979
Bank Nifty has to cross 10405 effectively to see a significant uptrend. However if profit booking happens and it falls below 10235 then we see the bears taking over the index.
- Most critical levels of the day: 10240 – 10235, its immediate support as well
- Immediate resistance: 10321 – 10378
- Strong resistance: 10406 – 10430
- Major resistance: 10560 – 10625
- Strong support: 10170 – 10130
- Major support: 10010 - 9850