#Nifty
For 02-04-2019
Support for Nifty comes at 11620-11585-11510
Resistance for Nifty comes at 11738-11760-11800
BankNifty
Support for BankNifty comes at 30168-29965-29700
Resisatnce for BankNifty comes at 30500-30646-30800
Today Finally after a huge run up first signs of profit booking came at higher levels. That is why i was telling do not buy on rise and wait for dips.Sell signal geberated on ultra short term charts but FIIs and Traders Data still is positive. Do no expect one way slide for next 2 days till RBI policy. Till 11500-11475 holding Nifty is still a buy with a stop loss of 11400. Below 11400 easy slide to 11243-11150.
BankNifty probably a short term top done at 30646. Major support around 30000.
Disclosure: I do not have any position in Nifty and BankNifty Futures.
For 02-04-2019
Support for Nifty comes at 11620-11585-11510
Resistance for Nifty comes at 11738-11760-11800
BankNifty
Support for BankNifty comes at 30168-29965-29700
Resisatnce for BankNifty comes at 30500-30646-30800
Today Finally after a huge run up first signs of profit booking came at higher levels. That is why i was telling do not buy on rise and wait for dips.Sell signal geberated on ultra short term charts but FIIs and Traders Data still is positive. Do no expect one way slide for next 2 days till RBI policy. Till 11500-11475 holding Nifty is still a buy with a stop loss of 11400. Below 11400 easy slide to 11243-11150.
BankNifty probably a short term top done at 30646. Major support around 30000.
Disclosure: I do not have any position in Nifty and BankNifty Futures.
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