#Nifty
For 05-04-2019
Support for Nifty comes at 11559-11525-11493
Resistance for Nifty comes at 11631-11682-11750
BankNifty
Support for BankNifty comes at 30121-30226-30300
Resistance for BankNifty comes at 29500-29336-29100
So finally market is trying to follow technicals. 3 days in a row Doji followed by yesterday's engulfing bar and an outside bar pattern so some sort of Top is might be in place. All rallies to 11680 now should be used to sold with a stop loss of 11760.
BankNifty is also a sell on rallies with a stop loss of 30300.
This is my personal view and i can be wrong, so please take your own decision before acting on this call.
Disclosure: I do not have any position in Nifty and BankNifty Futures.
For 05-04-2019
Support for Nifty comes at 11559-11525-11493
Resistance for Nifty comes at 11631-11682-11750
BankNifty
Support for BankNifty comes at 30121-30226-30300
Resistance for BankNifty comes at 29500-29336-29100
So finally market is trying to follow technicals. 3 days in a row Doji followed by yesterday's engulfing bar and an outside bar pattern so some sort of Top is might be in place. All rallies to 11680 now should be used to sold with a stop loss of 11760.
BankNifty is also a sell on rallies with a stop loss of 30300.
This is my personal view and i can be wrong, so please take your own decision before acting on this call.
Disclosure: I do not have any position in Nifty and BankNifty Futures.
Comments
Post a Comment