Nifty
The juggernaut keeps on going and is now within the striking distance of level of 6800. Critical levels for today would be the range between 6791 and 6805. One more hang-man to boot yet the market Is not falling and moving slowly yet gradually. Unless a breakdown below 6725 – 6700 happens for the Nifty, the bulls can take the Nifty higher again.
Bank Nifty
As long as the level of 12668 is held today, the index can manage its uptrend quite comfortably. On the way up, the levels between 12797 and 12818 remains a big problem. On the downside, 12542 – 12473 is a very strong support area—if it gets sliced through then we can expect further lower levels.
The juggernaut keeps on going and is now within the striking distance of level of 6800. Critical levels for today would be the range between 6791 and 6805. One more hang-man to boot yet the market Is not falling and moving slowly yet gradually. Unless a breakdown below 6725 – 6700 happens for the Nifty, the bulls can take the Nifty higher again.
- Most critical levels of the day: 6791 – 6805, its strong resistance as well.
- Next strong resistance levels: 6847 – 6855
- Major resistance: 6945
- Strong Support: 6726 – 6700
- Major support: 6644 – 6615
Bank Nifty
As long as the level of 12668 is held today, the index can manage its uptrend quite comfortably. On the way up, the levels between 12797 and 12818 remains a big problem. On the downside, 12542 – 12473 is a very strong support area—if it gets sliced through then we can expect further lower levels.
- Most critical levels: 12745 – 12797
- Strong support: 12542 – 12509
- Major support: 12473 – 12360
- Strong resistance: 12869 – 12900
- Major resistance: 12949 - 12992