#Nifty
For 12-04-2019
Support for Nifty comes at 11580-11550-11452
Resistance for Nifty comes at 11610-11640
BankNifty
Support for BankNifty comes at 29640-29528-29226
Resistance for BankNifty comes at 29866-30000-30095
So after trying 6 days finally Nifty close below 11600 howvever very marginally and that too on weekly expiry day so can be a bluff.
Nifty as long as holding 11550 it is good but if 11550 goes then another 100-200 points correction is possible. So sell only hourly close below 11550 with a stop loss of 11640. Above 11640 do not hold short positions.
Disclosure: I do not hold any position in Nifty and BankNifty Futures.
For 12-04-2019
Support for Nifty comes at 11580-11550-11452
Resistance for Nifty comes at 11610-11640
BankNifty
Support for BankNifty comes at 29640-29528-29226
Resistance for BankNifty comes at 29866-30000-30095
So after trying 6 days finally Nifty close below 11600 howvever very marginally and that too on weekly expiry day so can be a bluff.
Nifty as long as holding 11550 it is good but if 11550 goes then another 100-200 points correction is possible. So sell only hourly close below 11550 with a stop loss of 11640. Above 11640 do not hold short positions.
Disclosure: I do not hold any position in Nifty and BankNifty Futures.
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