#Nifty
For 28-03-2019
Support for Nifty comes at 11413-11375-11311
Resistance for Nifty comes at 11486-11546-11572
Niftybank
Support for Niftybank comes at 29835-29750-29650
Resistance for Niftybank comes at 30262-30400-30534
Nifty above 11473 expected to retest 11572 and went upto 11546. Now if Nifty breaks today's low then next support comes at 11375 which is 89 hour SMA. On Monday when Nifty bounced from 11311 it was also 89 hour SMA. Closing below 11375 another 100-150 points are open for downside. Till Nifty holding below 11573 all rise should be used for selling.Considering tomorrow expiry i think 11375 should hold. If anyhow Nifty close below 11375 then on Friday itself can expect 11280.
Niftybank which is the front runner of this rally made a perfect Doji candle today. The pattern will be valid only if tomorrow we open flat or gap down and then go down through out the day.
Disclosure: I do not have any position in Nifty or Niftybank Futures.
For 28-03-2019
Support for Nifty comes at 11413-11375-11311
Resistance for Nifty comes at 11486-11546-11572
Niftybank
Support for Niftybank comes at 29835-29750-29650
Resistance for Niftybank comes at 30262-30400-30534
Nifty above 11473 expected to retest 11572 and went upto 11546. Now if Nifty breaks today's low then next support comes at 11375 which is 89 hour SMA. On Monday when Nifty bounced from 11311 it was also 89 hour SMA. Closing below 11375 another 100-150 points are open for downside. Till Nifty holding below 11573 all rise should be used for selling.Considering tomorrow expiry i think 11375 should hold. If anyhow Nifty close below 11375 then on Friday itself can expect 11280.
Niftybank which is the front runner of this rally made a perfect Doji candle today. The pattern will be valid only if tomorrow we open flat or gap down and then go down through out the day.
Disclosure: I do not have any position in Nifty or Niftybank Futures.
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