#Nifty
For 26-03-2019
Support for Nifty comes at 11311-11242 and below that gap level of 11227-11180
Resistance for Nifty comes at 11395-11430-11465
Niftybank
Support for Niftybank comes at 29156-28821-28526
Resistance for Niftybank comes in the range of 29400-29600
Today Nifty opened below its second support level of 11400 and through out dragged down till 11311 near my third support level of 11300. Now Nifty probably oversold in short term charts and up move which started from 11311 can extend to 11400. Now any rally to 11400 should be used as selling opportunity with stop loss of 11470. Above 11470 this down move will be negated.
Disclosure: I do not have any position in Nifty or Niftybank Futures.
For 26-03-2019
Support for Nifty comes at 11311-11242 and below that gap level of 11227-11180
Resistance for Nifty comes at 11395-11430-11465
Niftybank
Support for Niftybank comes at 29156-28821-28526
Resistance for Niftybank comes in the range of 29400-29600
Today Nifty opened below its second support level of 11400 and through out dragged down till 11311 near my third support level of 11300. Now Nifty probably oversold in short term charts and up move which started from 11311 can extend to 11400. Now any rally to 11400 should be used as selling opportunity with stop loss of 11470. Above 11470 this down move will be negated.
Disclosure: I do not have any position in Nifty or Niftybank Futures.
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