#Nifty
For 29-03-2019
Support for Nifty comes at 11515-11470-11415
Resistance for Nifty comes at 11634-11700-11734
BankNifty
For 29-03-2019
Support for BankNifty comes at 30200-30000-29750
Resistance for BankNifty comes at 30534-30700-30900
So today's big positive is BankNifty negated the Doji pattern and negative RSI divergence. All technicals are not of any worth as only FIIs liquidity is pulling the markets higher and higher. Nifty and BankNifty both made new life time highs. Nifty i was expecting a retest of 11572 and it closed near that.
Now coming to today's technical view. If tomorrow Nifty tries to move above 11588 then technical targets of that could be 11800.
However, the view remains the same do not buy on rallies, buy only on dips. Till 11410 holding all dips are buy.
Disclosure: I do not hold any position in Nifty and BankNifty Futures.
For 29-03-2019
Support for Nifty comes at 11515-11470-11415
Resistance for Nifty comes at 11634-11700-11734
BankNifty
For 29-03-2019
Support for BankNifty comes at 30200-30000-29750
Resistance for BankNifty comes at 30534-30700-30900
So today's big positive is BankNifty negated the Doji pattern and negative RSI divergence. All technicals are not of any worth as only FIIs liquidity is pulling the markets higher and higher. Nifty and BankNifty both made new life time highs. Nifty i was expecting a retest of 11572 and it closed near that.
Now coming to today's technical view. If tomorrow Nifty tries to move above 11588 then technical targets of that could be 11800.
However, the view remains the same do not buy on rallies, buy only on dips. Till 11410 holding all dips are buy.
Disclosure: I do not hold any position in Nifty and BankNifty Futures.
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