#Nifty
For 18-04-2019
Support for Nifty comes at 11730-11700-11648
Resistance for Nifty comes at 11811-11891-11930
BankNifty
Support for BankNifty comes at 30398-30198-30000
Resistance for BankNifty comes at 30648-30885-31000
Nifty i was expecting 11800 in the week and got it on Tuesday. Now Nifty gave fresh break out on Tuesday target of that comes around 11960. But for the time being i am keeping a modest target of 11898-11930 before monthly expiry on 25-April. But one thing should be kept in mind buy only on dips towards 11760-11730 with a trading stop loss of 11700 and if you are a positional trader then stop loss should be 11640. As on all parameters nifty is slightly overbought so any time a correction can be seen. So keep your stop loss in place.
BankNifty if crosses 30648 then can test 31000 very quickly.
Disclosure: I do not hold any position in Nifty and BankNifty Futures.
For 18-04-2019
Support for Nifty comes at 11730-11700-11648
Resistance for Nifty comes at 11811-11891-11930
BankNifty
Support for BankNifty comes at 30398-30198-30000
Resistance for BankNifty comes at 30648-30885-31000
Nifty i was expecting 11800 in the week and got it on Tuesday. Now Nifty gave fresh break out on Tuesday target of that comes around 11960. But for the time being i am keeping a modest target of 11898-11930 before monthly expiry on 25-April. But one thing should be kept in mind buy only on dips towards 11760-11730 with a trading stop loss of 11700 and if you are a positional trader then stop loss should be 11640. As on all parameters nifty is slightly overbought so any time a correction can be seen. So keep your stop loss in place.
BankNifty if crosses 30648 then can test 31000 very quickly.
Disclosure: I do not hold any position in Nifty and BankNifty Futures.
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