#Nifty
For 23-04-2019

Support for Nifty comes at 11550-11509-11433
Resistance for Nifty comes at 11630-11670-11726

BankNifty

Support for BankNifty comes at 29600-29316-29156
Resistance for BankNifty comes at 29800-30000-30216





For Monday clearly mentioned that below 11700 Nifty is bearish and below 11700 nifty whole day drifted down without any serious effort to go up. Nifty now expected to retest 11550, previous two swing lows. As of now i am not expecting much below 11550 , even if Nifty goes below 11550 maximum downside can be only 11450 in this expiry.

However Nifty today made a bearish island reversal and target of that comes around 11312. But for this expiry do not expect below 11450 or not even 11550.

BankNifty also mentioned below 30000 it can go down by 200-300 points and below 30000 it went to 29647. Now 29647-29600 is major support if 29600 broken another 300-400 points is open up. Technical targets of break below 29600 is 28600.





Disclosure: I do not hold any position in Nifty or BankNifty Futures.