#Nifty
For 22-04-2019
Support for Nifty comes at 11715-11660
Resistance for Nifty comes at 11775-11811-11856
BankNifty
Support for BankNifty comes at 30142-30042
Resistance for BankNifty comes at 30330-30400
For Thursday clearly mentioned do not buy on rise buy only in dips to 11760-11730 and Nifty after touching 11738 on lower side went to 11791.
I was expecting 11890-11930 in this expiry but now i am just changing my view. As long as Nifty holding 11700 it is good for retest of 11850. Below 11700 do not hold any longs.
But if Nifty spot unable to cross Thursday's high of 11856 then it can drift down to 11660 and below 11660 Nifty can retest its previous lows of 11550.
BankNifty also expected to previous highs and it did. Now for Monday below 30000 do not hold longs as it can go down to another 200-300 points. And above 30411 do not hold shorts as it can again go up to 30660.
Disclosure: I do not hold any position in Nifty and BankNifty Futures.
For 22-04-2019
Support for Nifty comes at 11715-11660
Resistance for Nifty comes at 11775-11811-11856
BankNifty
Support for BankNifty comes at 30142-30042
Resistance for BankNifty comes at 30330-30400
For Thursday clearly mentioned do not buy on rise buy only in dips to 11760-11730 and Nifty after touching 11738 on lower side went to 11791.
I was expecting 11890-11930 in this expiry but now i am just changing my view. As long as Nifty holding 11700 it is good for retest of 11850. Below 11700 do not hold any longs.
But if Nifty spot unable to cross Thursday's high of 11856 then it can drift down to 11660 and below 11660 Nifty can retest its previous lows of 11550.
BankNifty also expected to previous highs and it did. Now for Monday below 30000 do not hold longs as it can go down to another 200-300 points. And above 30411 do not hold shorts as it can again go up to 30660.
Disclosure: I do not hold any position in Nifty and BankNifty Futures.
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