The Index has to stay above 6160-- 6165 for it to go higher the next resistance level is 6193 and 6212 a supply zone which if taken out then we could see 6244 6260.However it should not break 6140 and 6110.Otherwise we could see lower levels.
The bank nifty should take out the supply zone of 10600 - 10625 if and when it takes it out then the next zone of 10680 - 10775. If this is taken out strongly we could see it go to 10900 levels. If it fails and falls below 10420 we could see the bulls pushing it back up strongly.
- Most critical level for the day: 6167, its immediate resistance as well
- Strong resistance: 6193 – 6212
- Major resistance: 6244 – 6259
- Strong support: 6139 – 6111
- Major support: 6084 – 6058
The bank nifty should take out the supply zone of 10600 - 10625 if and when it takes it out then the next zone of 10680 - 10775. If this is taken out strongly we could see it go to 10900 levels. If it fails and falls below 10420 we could see the bulls pushing it back up strongly.
- Most critical levels for the day: 10597 – 10625, its initial resistance zone as well
- Strong resistance: 10682 - 10776
- Strong support: 10513 – 10420
- Major resistance: 10625 – 10660
- Major support: 10350 - 10252