#Nifty
For 09-04-2019
Support for Nifty comes at 11550-11523-11465
Resistance for Nifty comes at 11630-11650-11710
BankNifty
Support for BankNifty comes at 29716-29351
Resistance for BankNifty comes at 29950-30090-30235
Today Nifty in intraday broke thursday's low but then bounced back smartly from 11549 and my last support for the day was 11540.So finally Nifty is following technicals.
If we consider that as double bottom, then neck line will come at today's low which is 11710. So if Nifty breaks 11710 then another 100-150 points upside is there.
BankNifty on the other end looking weak. If it breaks today's low which is 29716 then another 300 points on the downside are in offering.It can go down to 29360.
Disclosure: I do not hold any position in Nifty or BankNifty Futures. Today i booked my put of NIfty.
For 09-04-2019
Support for Nifty comes at 11550-11523-11465
Resistance for Nifty comes at 11630-11650-11710
BankNifty
Support for BankNifty comes at 29716-29351
Resistance for BankNifty comes at 29950-30090-30235
Today Nifty in intraday broke thursday's low but then bounced back smartly from 11549 and my last support for the day was 11540.So finally Nifty is following technicals.
If we consider that as double bottom, then neck line will come at today's low which is 11710. So if Nifty breaks 11710 then another 100-150 points upside is there.
BankNifty on the other end looking weak. If it breaks today's low which is 29716 then another 300 points on the downside are in offering.It can go down to 29360.
Disclosure: I do not hold any position in Nifty or BankNifty Futures. Today i booked my put of NIfty.
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