The Nifty will face resistance between 6244 and 6259, if this is crossed we then see 6290 to 6310 level, but then today is the first day of the march series and we could see some lower levels initially between 6196 to 6210 and then if the cues are good enough then we see higher level. If there is some serious profit bookings then we could see lower levels.
The Bank Nifty has two choice it has to either climb above 10770 to 10780 strongly and should not drop below 10634 due to profit booking , if it does then it becomes very weak. If it crosses the 10780 level then we could see 10920-950 level soon enough.
- Most critical levels for the day: 6244 – 6259, its strong resistance zone
- Next strong resistance: 6291 – 6310
- Major resistance: 6338 – 6362
- Strong support: 6209 – 6186
- Major support: 6147 – 6122
The Bank Nifty has two choice it has to either climb above 10770 to 10780 strongly and should not drop below 10634 due to profit booking , if it does then it becomes very weak. If it crosses the 10780 level then we could see 10920-950 level soon enough.
- Most critical levels for the day: 10697 – 10777
- Immediate support: 10681 – 10634
- Strong support: 10562 – 10522
- Major support: 10418 – 10317
- Strong resistance: 10771 – 10777
- Major resistance: 10920 - 10950